Print Page   |   Report Abuse
News & Press: International News

Ireland: Corporation Tax - Foreign Branch Double Taxation Relief

08 July 2014   (0 Comments)
Posted by: Author: Chartered Accountants Ireland
Share |

Author: Chartered Accountants Ireland 

Revenue has published a Statement of Practice  in relation to Foreign Branch Double Taxation Relief which may be of particular interest to members with clients in the insurance sector.

The statement addresses an issue that particularly affects the insurance industry, relating to double tax relief for foreign tax paid by foreign branches of Irish companies and will come into effect as respects foreign tax paid for periods commencing on or after 1 January 2013.

The statement is now available on the Revenue Website at Tax Practitioners – Legislation – Statements of Practice.

This article first appeared on


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by YourMembership  ::  Legal