On November 14, 2018, Ireland’s Department of Finance published for public comments a consultation document on the hybrid mismatch and interest limitation measures to be introduced as part of the implementation of the EU Anti-Tax Avoidance Directives (ATAD and ATAD2).
A list of questions on the anti-hybrid and interest limitation provisions of the ATADs is provided for guidance. Tax policy issues detailed in this public consultation will form part of the Minister’s considerations of the transposition of the ATADs into national law.
Finance Minister Paschal Donohoe said: “Ireland remains committed to tax reform implemented at the international level, to address mismatches between jurisdictions and to continue the implementation of new robust global standards that are sustainable in the long run. This public consultation marks another step in delivering the programme of corporate tax reform detailed in Ireland’s Corporation Tax Roadmap and is an opportunity for interested parties to contribute to the development of new policy in what is a complex area.”
The consultation closes on January 18, 2019.