In this edition of our tax newsletter bespoke to the Technology, Media and Telecommunications (“TMT”) industry, we will cover:

• Irish & Global Direct Tax Updates,
• Indirect Tax Updates,
• Payroll Tax Updates and, 
• Spotlight article on Enhanced Reporting Requirements.

This edition again covers a pivotal time for the Irish and, indeed, the global tax landscape. This edition provides further updates on relevant Tax Appeal Commission (“TAC”) Determinations, Outbound Payment Defensive Measures, and Irish Revenue issued guidance on payment and receipt of interest and royalties without deduction of income tax. On a global front, this edition provides updates in relation to the Pillar Two implementation tracker and commentary on OECD guidance on Pilar Two Safe Harbors, as well as, new interest limitation rules in Australia . The indirect tax and payroll tax updates in this edition relate to the VAT modernisation Consultation in Ireland and the collection of “employer tax” in France transferred to the tax administration as well as a supreme court judgement relating to employment status of delivery drivers.

If you have any questions in relation to any of the topics discussed, please do not hesitate to reach out to me.