On 22 December 2019, Finance Bill 2019 was signed into law by the President. Below is a brief overview of some of the key changes being introduced into Irish law on foot of this of relevance for corporate treasurers, namely:
1. Introduction of hybrid mismatch rules;
2. Updates to Irish transfer pricing rules;
3. Transposition of EU Mandatory Disclosure rules into Irish law; and
4. Other technical amendments of note;
a. Amendments to the section 110 securitisation regime;
b. Codifying existing practice relating to the tax treatment of stock borrowing and repurchase arrangements;
c. Clarifying the tax treatment of impairment losses on foot of the introduction of IFRS9
In addition to the above, other recent tax developments of note to corporate treasurers include:
1. Future changes to Irish interest deductibility rules;
2. OECD proposals for a global minimum tax rate
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