Global

Details

  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/7/2012

Ireland - Tax relief for Irish employees working in BRICS 

September 7:  Ireland’s foreign earnings deduction (FED) is a tax relief program available to employees of Irish companies who spend time working abroad in Brazil, Russia, India, China, and South Africa—the “BRICS countries.”

The FED relief was introduced in Finance Act 2012 to support efforts by Irish companies to expand into these emerging markets. The FED relief is available to Irish residents who spend at least 60 “qualifying days” working outside Ireland in any of the BRICS countries in a continuous 12-month period.


Relief under the FED currently applies only for tax years 2012, 2013, and 2014.


Read an August 2012 report [PDF 1.07 MB] prepared by the KPMG member firm in Ireland: Foreign Earnings Deduction (FED)— Fact Sheet




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For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

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