Finance (No. 2) Act 2023 (“the Act”) contains a comprehensive body of legislation that introduces significant changes to the Irish tax code. In terms of global tax reform, the Act provides for the transposition of the EU Minimum Tax Directive, which introduced the OECD’s Pillar Two rules to Irish tax law from 31 December 2023. In addition, legislation providing for new tax measures applying to certain outbound payments of interest, royalties and distributions is included in the Act.
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