Irish Corporate Tax 'Guide' Totally Changes Irish framework

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Pascal Donoroe, Ireland’s Finance Minister has reported a huge overhaul of the nation’s corporate tax framework, presenting new arrangements for controlled foreign companies (CFC) and transfer pricing. Anti-hybrid and transfer pricing principles will be legislated in the Finance Bill 2019in order to decrease multinational tax evasion, expected to produce results from the start of January 2020.

The changes implement the OECD & EU anti-tax evasion strategies may even incorporate converting to a territorial tax regime with the goal that corporate tax is only charged on income internally.