 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Ireland's Revenue Introduces Phase 2 Of Mandatory E-Filing |
by Jason Gorringe, Tax-News.com, London
Friday, January 29, 2010
The Irish Revenue Commissioners released an eBrief on January 22, 2010, on
mandatory electronic filing requirements affecting large businesses, under certain
conditions, that did not fall under the initiative’s scope when it was
first introduced in August 2008.
The mandatory e-filing regulations were first launched in 2008 following a
public consultation process, and introduced requirements that Government Departments
and Offices, State Bodies and Ireland’s largest companies should file
and pay certain taxes and tax liabilities electronically.
Revenue decided to introduce these obligations in two phases. Government Departments,
certain named Government Offices and companies whose tax affairs are dealt with
by Large Cases Division came within Phase 1, with effect from January 1, 2009.
Revenue’s intention for Phase 2, now in force, was to include larger
companies which are obliged to file audited accounts with the Companies Registration
Office (CRO). The selection of the CRO audit exemption was largely based on
the thresholds for turnover, assets and number of employees – which are the
primary factors in determining a cut-off point between larger companies and
other businesses. In view of difficulties encountered in identifying those companies
which did not qualify for the CRO audit exemption, and satisfied the larger
companies criteria, Revenue determined the case base for Phase 2 on the following
criteria:
- turnover greater than EUR7.3m; and
- number of employees greater than 50.
Revenue has made direct contact with all companies which satisfied the turnover
and employee numbers criteria included in Phase 2, which came into effect from
January 1, 2010. The Revenue is aware that certain types of company may be required
to submit audited accounts to the CRO without meeting the turnover and employee
numbers criteria. According to the eBrief, these companies will not be required
to file and pay electronically under Phase 2 of the Mandatory Electronic Filing
Regulations.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
