Irish Revenue has published eBrief No. 027/20 on amendments made by Finance Act 2019 to the ATAD exit tax rules that were introduced by Finance Act 2018.
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Anti-Tax Avoidance Directive (ATAD) - Exit Tax
Tax and Duty Manual Part 20-02-01 has been updated at paragraph 1.1 to reflect the amendments made by Finance Act 2019 (section 38) to the Exit Tax legislation introduced in Finance Act 2018. The amendments ensure that
- the deemed disposal and reacquisition of assets on the change of re…