Revenue to overlook issues for big corporate tax payers who cannot travel to Ireland due to Covid | #riskmanagement | #security | #ceo

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Revenue, the agency for Irish tax and customs, has confirmed that if a company director is unable to get to Ireland as a result of Covid-19-related travel restrictions, it could disregard this for corporation tax purposes.

The inability of directors to physically attend board meetings in Ireland would typically pose a risk that the place of effective management is deemed to be in a country other than the State.

For companies that list their place of effective management as Ireland, it could mean they would lose out on the 12.5pc corporation tax rate and risk paying more tax elsewhere.

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