Revenue eBrief No. 137/19

11 July 2019

Exit Tax Provisions

The contents of Tax and Duty Manual Part 20-02-01 have been deleted and replaced by guidelines relating to the new exit tax provisions introduced by section 32 of the Finance Act 2018. That section replaced existing targeted anti-avoidance exit tax provisions in Chapter 2 of Part 20 of the Taxes Consolidation Act 1997 with a new broad-based exit tax charge, as provided for in Article 5 of the Anti-Tax Avoidance Directive. This new charge applies from 10 October 2018.

Tax and Duty Manuals Parts 20-02-02, 20-02-03 and 20-02-04 are no longer relevant as they relate to the former exit tax.