New Irish Finance Bill Announces 12.5% Exit Tax Rate on Capital Gains

The newly published Finance Bill 2018 in Ireland has been released by the government. The bill hopes to present a controlled foreign company (CFC) regime that presents an exit tax rate of 12.5% on all unrealised capital gains such as from investment and other ventures.

The move ensures Ireland is in line and fully compliant with the European Union Anti-Tax Avoidance Directive.