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ARTICLE · 11 SEPTEMBER 2024

Irish Participation Exemption For Foreign Dividends: A Step Closer

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The Department of Finance in Ireland has published a second feedback statement on the introduction of a participation exemption for qualifying foreign dividends.

IrelandTax
Andrew Quinn
Andrew Quinn
William Fogarty
William Fogarty
David Burke
David Burke
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What You Need to Know

  • The Department of Finance in Ireland has published a second feedback statement on the introduction of a participation exemption for qualifying foreign dividends.
  • The proposed participation exemption would simplify the Irish corporate tax regime and align Ireland with many EU and OECD member states.
  • There is likely to be a brief period of further consultation. The intention is to enact the legislation with effect from 1 January 2025.

Background

On 27 August 2024, the Irish Minister for Finance published a second feedback statement (the "Statement") incorporating possible draft legislation on the introduction of a participation exemption for qualifying foreign dividends.

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