Anti-hybrid provisions were introduced in Finance Act 2019 and entered into effect on 1 January 2020, as required by the EU Anti-Tax-Avoidance Directives (ATAD). These rules are applicable to all deductible payments made or arising on or after 1 January 2020. The primary effect of the anti-hybrid provisions is that, where they apply, a tax deduction can be denied in respect of payments made by Irish-resident companies, or Irish branches, that give rise to a hybrid mismatch.
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