ICAI, under the auspices of CCAB-I, has made a Pre Finance Bill submission to the Minister for Finance. The submission consists of three separate documents - CCAB-I Pre Finance Bill 2009 Submission; CCAB-I Pre Finance Bill 2009 Submission - Intellectual Property; CCAB-I Pre Finance Bill 2009 Submission - Remittance Basis.
The general submission highlights concerns arising from the Supplementary Budget in relation to the Income Levy; the restriction of interest relief for rented residential property; income and losses for dealing in residential development land; stamp duty levy on insurance policies; DIRT and taxes on life assurance policies and investment funds. To access the CCAB-I Pre Finance Bill 2009 Submission - click here
The Intellectual Property submission focuses on the requirements needed to develop the "Smart Economy". In addition, we have stressed the importance of the Department of Finance and the Revenue Commissioners consulting with the relevant bodies prior to publishing the legislation on the new tax relief for the acquisition of intangibles. To access the CCAB-I Pre Finance Bill 2009 Submission - Intellectual Property - click here
The Remittance Basis submission highlights the necessary changes to the remittance basis (which was introduced in F(No. 2)A08) to improve the attractiveness of the regime in encouraging individuals to come to Ireland. To access the CCAB-I Pre Finance Bill 2009 Submission - Remittance Basis - click here