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ARTICLE · 19 AUGUST 2021

Ireland's Implementation Of Interest Limitation Rule – Update

Arthur Cox
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The Irish government announced its intention to introduce an ATAD1 compliant interest limitation rule into Irish law with effect from 1 January 2022.

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Fintan Clancy
Fintan Clancy
Ailish Finnerty
Ailish Finnerty
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David Kilty
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The Irish government announced its intention to introduce an ATAD1 compliant interest limitation rule into Irish law with effect from 1 January 2022.

As detailed in our previous briefing in March 2021, the first phase in Ireland's implementation commenced in December 2020, with the publication by the Irish Department of Finance of a feedback statement with some initial drafting of the important provisions of the new legislation. A second round of the consultation, which included drafting on the legislative provisions specific to groups, concluded earlier this week. Arthur Cox made a submission to the Department of Finance which you can access here.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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