Republic of Ireland Budget 2019 - Anti Avoidance
Minister of Finance, Paschal Donohoe, delivered his 2nd budget today, 9th October.
Anti-avoidance
- New Controlled Foreign Company (CFC) rules will be introduced for accounting periods beginning on or after 1 January 2019, to prevent the artificial diversion of profits to offshore entities outside the scope of Irish taxes.
- A new exit tax of 12.5% will apply to unrealised gains going offshore and leaving the Irish tax system, effective from 10th October 2018.
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