Latest Irish Tax News

The ITAS Accounting blog brings you the latest Irish tax news and finance news, including the latest Revenue updates, amendments to legislation, tax deadline reminders, tax tips, business tips and more.

Relevant Contracts Tax (RCT)

Relevant Contracts Tax (RCT)

What is RCT? RCT is withholding tax applied to certain payments made by principal contractors to subcontractors in the construction, forestry and meat – processing industries. Rates of tax range from 0%, 20% and 35% depending on the subcontractor’s tax status with...

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Revenue 2018 Annual Report

Revenue 2018 Annual Report

Revenue issued their 2018 Annual Report on 09th May confirming Revenue collected net Exchequer receipts of €54.6 billion last year. Chairman, Niall Cody stated that; ‘when compared to 2017, net Exchequer receipts increased by €4 billion. There were increased receipts...

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Local Property Tax Deferred until 2021

Local Property Tax Deferred until 2021

As reported in the Independent and RTE news, amendments due to take place this November on Local Property Tax (LPT) have been deferred until 2021. This means LPT will remain at it’s current level until then, which has been the case since 2016. But is this delaying the...

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Capital Gains Tax  on rental properties

Capital Gains Tax on rental properties

Interesting article issued in The Irish Times today regarding selling a rental property in negative equity. A reader asks – is there any capital gains tax due if mortgage was paid off and sold at a loss? Let’s clarify, there is only Capital Gains Tax (CGT) due if...

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Does your employer pay your rent?

Does your employer pay your rent?

If so, you must remember that income tax is due on the amount at your marginal rate, including PRSI & USC. Employers are increasingly offering this benefit to their new employees, obviously easing the burden of renting in Ireland, especially if re-locating. As we...

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Special Assignee Relief Programme (SARP)

Special Assignee Relief Programme (SARP)

What is SARP? SARP provides Income Tax relief to employees that are assigned to work in Ireland from abroad by their relevant employer. What is a relevant employer? A relevant employer must be a company that is incorporated and tax resident in a country in which...

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Disclaimer

The material contained on this website is for general information purposes only and does not constitute legal or other professional advice, it is deemed correct at the time of publishing, and may be from third party sources.