OrbitaxOrbitax

Ireland Provides Distribution Extension for Close Company Surcharge due to COVID-19

|Approved Changes|Ireland
Ireland

Irish Revenue has issued eBrief No. 083/20 on an extension for companies to make a distribution in relation to the close company surcharge. The surcharge is an additional charge of corporation tax on close companies at the rate of 20% of the excess of the aggregate of the distributable investment income and the distributable estate income over the distributions made for an accounting period. It…

Continue Reading