Ireland's Department of Finance has published a feedback statement on the implementation of the EU Anti-Tax Avoidance Directive (ATAD) Interest Limitation Rule (ILR), which is planned to be implemented in Finance Bill 2021 with an effective date of 1 January 2022.
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Feedback Statement on the ATAD ILR
This Feedback Statement builds on the November 2018 public consultation on implementation of the ATAD Anti-Hybrid rules and ILR. Most respondents noted the complexity of the ILR and propos…