Irish Revenue has issued eBrief No. 014/24 on updated guidance (TDM 35D-01-01) regarding the interest limitation rule (ILR). The ILR generally limits deductible interest expense to 30% of EBITDA, with disallowed interest allowed to be carried forward and deducted in future years. The guidance has been updated with the addition of a new section 15 dealing with the interaction of the ILR and foreign currencies. An example is also provided, which appears to have been mislabeled as "Example 16.1", instead of 15.1. --- 15 Interaction with foreign currency Where a company must prepare its calculations for the purposes of the...