Category Taxation in Ireland

Irish Authority Tacking Down Airbnb Incomes

September 19, 2018 Taxation in Ireland

airbnb in irelandDUBLIN – 12 000 taxpayers in Ireland are being asked if they have paid all taxes owing on their Airbnb incomes.

The Revenue Commissioners of Ireland is sending out letters to thousands of homeowners in the country who are using Airbnb to rent out their properties.

As many as 12 000 taxpayers across the country will soon receive letters reminding them that if they rented out their properties on the popular short-term letting site they may be liable to pay taxes on any of their derived incomes.

Any incomes made from Airbnb must be declared, or the taxpayer will be liable to pay fines and penalties on top of the owing interest.

The letters are being sent based on information obtained from Airbnb regarding rentals over the course of 2014, 2015, and 2016.

Neither the Revenue Commissioners ...

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Ireland Employs AI in Tax Call Centre

September 11, 2018 Taxation in Ireland

AI taxDUBLIN – Irish taxpayers will soon be chatting to robots to get basic information about their taxes.

The Office of the Revenue Commissioners of Ireland has announced that it is working on a new project to introduce artificial intelligence to its call centres to provide virtual assistance to taxpayers.

The new pilot project will involve the use of voice recognition technology to understand the requests and questions of taxpayers calling the tax authority.

It is hoped that the system will provide more effective and quicker delivery of routine information to callers.

The AI system is not yet intended to replace call centre staff dealing with individualised and complex queries.

Commenting on the implication of implementing the new technology, the CIO of the Office of the Revenue Commission...

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Ireland, EU’s Most Expensive Drinks

June 22, 2018 Taxation in Ireland

Alcohol in IrelandDUBLIN – Taxes are pushing up the price of alcohol in Ireland, where are drink can now cost more than anywhere else in the EU.

A new report released recently by Eurostat is indicating that Irish consumers pay the highest rates of tax in Europe for alcohol and tobacco.

The new report showed that the price of alcohol and tobacco in Ireland is approximately 174 percent of the standard average price of alcohol in Europe.

Commenting on the findings, Patricia Callan of the Drinks Industry Group of Ireland, said that the high costs can be attributed to the high excise taxes levied on alcohol in Ireland.

She added that “…Ireland has the second highest excise tax rate in the EU, behind only Finland...

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Ireland Backs Away from EU Digital Tax

May 2, 2018 Taxation in Ireland

Digital tax in the EUDUBLIN – Ireland stands to lose out on tax revenues if the EU goes ahead with a proposed EU-wide digital tax.

Irish authorities have heard evidence indicating that a newly proposed pan-EU tax on digital revenues could have a significantly negative impact on tax revenues in the country.

The new tax would see large multinational online businesses charged a 3 percent tax on revenues earned from users in the EU.

The tax would be paid to the government of the country in which the users live.

Currently, large online businesses do not pay taxes based on the location of their users, but, instead, on the location of the registered offices.

The current system has driven businesses to register in low-tax areas such as Ireland, despite making the bulk of their profit in other countries.

The government...

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Irish Tax Will Lead To Smuggling

September 4, 2017 Taxation in Ireland

Soda TaxDUBLIN – Ireland would be opening the door to smuggling if it introduces a tax on soda.

Late last week the Irish Beverage Council, an industry advocacy group operating in Ireland, states that tax authorities would see a significant loss of revenues if the government enacted a tax on sugary beverages next year, as is currently planned.

The group claimed that if the tax on sugary-sweetened beverages is enacted, then consumers will begin sourcing a portion of their drinks from Northern Ireland, which will foster the creation of a grey-market for such drinks.

It is estimated that the tax would result in an 11 percent loss in sales due to smuggling.

The loss in sales would equate to an EUR 30 million loss in retailer sales, and a proportionate loss in tax revenues.

In comparison, the tax itse...

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