Ireland Tax Agency Issues Guidance on Individual Tax Return Form, Instructions Under 2019 Finance Act

The Irish Revenue Commissioners Aug. 18 issued Revenue eBrief No. 157/20 and Tax and Duty Manual No. 38-01-04D, on an individual tax return form and instructions under the 2019 finance act. The guidance includes: 1) the availability of the form for both online and offline revenue online service (ROS) facilities, starting Jan. 1; 2) the mandatory automatic exchange of information (AEOI) in cross-border arrangements (DAC6) requirements; 3) the 20 percent income tax rate on dividends for nonresidents; 4) the earned income tax credit increase to 1,350 euros (US$1,612) from 1,150 euros (US$1,373); 5) the 50 percent limit for mortgage interest ...