September 2023
The Tax and Duty Manual has been updated and refreshed throughout and contains clearer and/or more detailed guidance on various aspects of the levy, including the following:
- The position regarding the claiming of a credit for liabilities such as USC and PRSI in arriving at the amount of the levy which is chargeable for the year.
- The meaning of the term “world-wide income”, including the steps to be taken in calculating this amount.
- The meaning of the terms “market value” and “Irish property”.
- The position regarding the power of the Revenue Commissioners to make and amend assessments to the levy and the right of an individual to make an appeal.
- Information on applicable penalty and interest provisions.
Worked examples are also provided in the Manual.
Find out more
here.
Source: www.revenue.ie