IFSC to feature in Finance Bill

Changes in property taxation and the treatment of companies in the International Financial Services Centre are expected to be…

Changes in property taxation and the treatment of companies in the International Financial Services Centre are expected to be announced today when the Minister for Finance publishes the heads of the Finance Bill.

This will be the first indication of what additional measures the Government is planning on top of those announced in Mr McCreevy's Budget speech.

The preliminary list of measures to be contained in the Bill in two weeks time will include changes to the specific legislation governing IFSC companies to take account of measures agreed recently with the European Commission.

Measures to tighten up specific tax incentives in the property area are also being examined as are detailed measures on withholding tax on dividends paid from abroad.

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The Bill will include measures to implement recommendations set out in the report of the Dail Committee of Public Accounts sub-committee which investigated DIRT tax evasion.