Irish Revenue has issued Revenue eBrief No. 141/19 on new guidance for the Controlled Foreign Company (CFC) rules introduced by Finance Act 2018 ({News-2019-01-10/A/6-previous coverage}).
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Controlled Foreign Companies
A new Tax and Duty Manual, Part 35b-01-01 has been published in respect of the Controlled Foreign Company (CFC) rules, that were introduced by Finance Act 2018 and take effect from 1 January 2019.
The manual provides an overview of what the CFC rules mean and how they …