Irish Revenue has issued Revenue eBrief No. 137/19 on guidance for the new ATAD-compliant exit tax rules introduced by Finance Act 2018 ({News-2019-01-10/A/6-previous coverage}).
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Exit Tax Provisions
The contents of Tax and Duty Manual Part 20-02-01 have been deleted and replaced by guidelines relating to the new exit tax provisions introduced by section 32 of the Finance Act 2018. That section replaced existing targeted anti-avoidance exit tax provisions in Chapter 2 of Part 20 of the…