Contributing Firms:
The Finance Bill contained a number of welcome updates and changes to Ireland’s tax regime and they feature centrally in this month’s issue including the long-awaited, and warmly welcomed, Participation Exemption for Foreign Dividends.
The roundtable panel this month looks at the takeaways from the Finance Bill for Ireland’s international financial services sector including the participation exemption for foreign dividends, changes to remove standalone investment undertakings from the scope of Ireland’s domestic top-up tax (QDTT) as well as amendment related to leasing, outbound payment rules, interest limitation rules and stamp duty. Separately, QDTT is examined through the lens of Ireland’s securitisation sector. Changes to the standard fund threshold also features. The EU took a big step towards reforming VAT with agreement on its VAT in the Digital Age (ViDA) initiative and the majors changes this will bring about to the EU VAT system are also analysed.
What are the notable takeaways from Finance Bill 2024 for Ireland’s international financial services sector?
Finance Bill 2024 introduces a partial exemption from Qualifying Domestic Top-Up Tax (QDTT) for ‘securitisation entities’. Can you explain how the partial exemption will work?
Can you outline the changes to the Standard Fund Threshold contained in Finance Act 2024 and the implications for tax payers?
Can you provide an update on the progress of the European Commission’s VAT in the Digital Age (ViDA) project, which aims to bring about fundamental changes to the EU’s VAT system?
Finance Bill 2024:Can you comment on the principal features contained in Finance Bill 2024, especially referencing unexpected inclusions, and indeed omissions?
Securitisation & QDTT: Finance Bill 2024 introduces a partial exemption from Qualifying Domestic Top-Up Tax (QDTT) for ‘securitisation entities’. Can you explain how the partial exemption will work?
VAT: Can you provide an update on the progress of the European Commission’s VAT in the Digital Age (ViDA) project, which aims to bring about about fundamental changes to the EU's VAT system?