Exit Tax

From 12.10.2018, under the EU Anti-Tax Avoidance Directive (ATAD), a deemed disposal will arise where an Irish company:

  • Relocates assets from Ireland to abroad (i.e., outside the EU).
  • Relocates a business carried on in Ireland to abroad.
  • Relocates itself abroad, i.e., becomes non-Irish resident.

The deemed disposal will give rise to 12.5% exit tax.

Revenue reserve the right to impose 33% CGT if they are of the view that a disposal forms part of a tax avoidance transaction triggered to avail of the 12.5% rate.

Exit tax arising from relocation to an EU/EEA State can be paid in 6 equal annual instalments.

Download