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Irish Budget introduces new ATAD compliant exit tax regime

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The Irish Budget was delivered on 11 October 2018. The Budget introduces a new ATAD compliant exit tax regime that will tax unrealised capital gains where companies migrate or transfer assets offshore, the rate of the tax is 12.5%. The Irish government also confirmed that a controlled foreign company (CFC) regime will be introduced in the forthcoming Finance Bill.

Issue: 1416
Categories: News