Irish Revenue Updates CFC Guidance Regarding Defensive Measures for Non-Cooperative Jurisdictions
Irish Revenue has issued eBrief No. 072/23 concerning updates to the Tax and Duty Manual on Controlled Foreign Company (CFC) Rules (Part 35b-01-01) to reflect amendments introduced by Finance Act 2022. In particular, updates have been made to Chapter 11 on the defensive measures targeted at jurisdictions listed by the EU as non-cooperative. The defensive measures disapply the effective tax rat…
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