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09 September 2022 Ireland publishes updated guidance on tax deductibility of Digital Services Taxes
The Irish Revenue Commissioners (Irish Revenue) issued guidance on 5 August 2022 (see EY Global Tax Alert) concerning the deductibility of Digital Services Taxes (DSTs) in computing income of that trade for Irish corporation tax purposes. Irish Revenue has updated that guidance through the addition of three additional DSTs to the list to which the guidance applies. Where certain DSTs have been incurred wholly and exclusively for the purposes of a trade, the guidance notes that the DST should be deductible in computing income of that trade for Irish corporation tax purposes. Taxpayers can make enquiries on the deductibility for Irish tax purposes of DSTs in other jurisdictions through existing processes operated by Irish Revenue’s Technical Services. Joe Bollard | joe.bollard@ie.ey.com Dan McSwiney | dan.mcswiney@ie.ey.com Kevin McLoughlin | kevin.mcloughlin@ie.ey.com Rory MacIver | rory.maciver@ie.ey.com Brian Kelly | brian.kelly@ie.ey.com Aoife Murray | aoife.murray1@ie.ey.com Cian O’Donovan | cian.odonovan@ie.ey.com Aidan Walsh | aidan.walsh@ie.ey.com Petrina Smyth | petrina.smyth@ie.ey.com Frank O’Neill | frank.oneill@ie.ey.com Seamus Downey | seamus.downey@ie.ey.com Aileen Daly | aileen.daly@ie.ey.com Billy McMahon | billy.mcmahon@ie.ey.com Leanne Storan | leanne.storan@ie.ey.com Paul Fleming | paul.fleming@ie.ey.com Paraic Waters | paraic.waters@ie.ey.com Deirdre Fenton | deirdre.fenton1@ey.com Michéal Bruen | micheal.bruen1@ey.com Karl Doyle | karl.doyle@ey.com Aine O’Connor | aine.oconnor1@ey.com Document ID: 2022-5861 | |