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September 9, 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. The complete list of countries to which the guidance now applies to is:
This list may be updated as required in the future. 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. _________________________________________ For additional information with respect to this Alert, please contact the following: Ernst & Young (Ireland), Dublin
Ernst & Young (Ireland), Financial Services, Dublin
Ernst & Young (Ireland), Cork
Ernst & Young (Ireland), Limerick
Ernst & Young (Ireland), Waterford
Ernst & Young (Ireland), Galway
Ernst & Young LLP (United States), Irish Tax Desk, New York
Ernst & Young LLP (United States), Irish Tax Desk, San Jose
Ernst & Young LLP (United States), FSO Irish Tax Desk, New York
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