Tax newsletter Q1 2025

Discover the latest tax updates and insights for Q1 2025, including R&D tax credits, Pillar 2 compliance, VAT changes and more. Stay informed with Forvis Mazars.

Welcome to the Q1 2025 edition of the Forvis Mazars Tax Newsletter, where we provide timely insights on the latest developments and opportunities in the tax landscape.

Key Highlights

2024 SARP Annual Return: Employer Obligations
This article outlines the key employer obligations associated with the 2024 SARP annual return and provides guidance on ensuring compliance and avoiding potential penalties.

Public Country-by-Country Reporting
Implementation of public CbCR into Irish law as of 21 June 2023, detailing its implications for businesses.

Recent Updates to R&D Corporation Tax Credits
Significant changes including a new pre-notification requirement, an increased tax credit rate from 25% to 30%, and revised first-year payment thresholds to encourage greater investment in R&D.

2024 Employer Share Scheme Reporting Requirements
Learn about the reporting obligations for employer share schemes in 2024, including critical deadlines and practical tips for accurate submissions.

Pillar 2 Compliance: Steps for In-Scope Companies
Guidance on preparing for the BEPS Pillar 2 framework, applicable to accounting periods starting on or after 31 December 2023, with first filings due in June 2026.

Pillar 2 – Transitional Safe Harbours & Exclusions
Details on transitional Country-by-Country Reporting (CbCR) safe harbours designed to simplify compliance during the initial years of Pillar 2 implementation.

S.481 Film Tax Credit and EIIS Scheme
Positive changes introduced in the Finance Act 2024 affecting the S.481 Film Tax Credit and the Employment Investment Incentive Scheme (EIIS).

VAT Update January 2025
An overview of the latest VAT news and updates relevant at the start of 2025.

VAT in the Digital Age (ViDA) Package
Insights into the ViDA proposal approved by EU Member States, aiming to modernise VAT rules in the digital era.

New Tax Developments for Landlords
A summary of recent legislative changes impacting the private rental sector and how landlords can benefit from them.

Transfer Pricing in Ireland: Reflections & Outlook
An analysis of Ireland's evolving transfer pricing landscape, highlighting the importance of robust practices in light of increased scrutiny.

New VAT Exemption Rules for SMEs from 1 January 2025
Information on the new VAT exemption available to small businesses in the EU operating in Member States where they are not established.

Contact