According to reports in the national media, the Dail's Public Accounts Committee (PAC) has asked the Revenue Commission for figures on the number of Irish tax exiles currently on its books, and for details of the ways in which the tax authority monitors their periods of residence and non-residence in the Republic.
This followed the recent announcement that Revenue Commissioners are planning to monitor more closely those who claim to be non-resident in Ireland for tax purposes.
Under current law, anyone claiming non-resident status in Ireland must be out of the country for a minimum of 183 days each year. However, a day does not count for tax purposes if the person in question leaves the country before midnight.
Speaking last Thursday in response to a question from Fine Gael TD Michael Noonan, Revenue Chairman Frank Daly was unable to give details on how many Irish citizens claim to be non-resident for tax purposes.
However, he revealed that there are many different ways in which the tax authority can ascertain how long a person has spent in the Republic, including checking credit card receipts and passports, sharing information with the tax authorities in other countries, and checking the records held by the country's Customs Department.
.
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment