On 19 May 2022, the European Commission issued a decision to close infringement proceedings against Ireland regarding the implementation of the interest limitation rules of the Anti-Tax Avoidance Directive (ATAD). Infringement proceedings were initiated through a reasoned opinion sent in November 2019, asking Ireland to transpose the ATAD interest limitation rules. Ireland has previously claimed a derogation, holding that it already had equally effective interest limitation rules in place. Ho…