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Catherine Galvin is Head of Partnership Tax Matters at Matheson. She was formerly a Tax Principal in the Tax Department.

Catherine is a member of the Institute of Chartered Accountants in Ireland.

Catherine has written on tax issues for the Irish Tax Review, the International Tax Review and other publications and has lectured on international tax issues. She has also written on transfer pricing issues for Transfer Pricing Review and for IBFD's International Transfer Pricing Journal.

Accolades
Catherine Galvin is highly regarded for Women in Tax

World Tax 2022

Catherine Galvin is shortlisted for Best in Transfer Pricing
European Women in Business Law Awards 2020

Catherine Galvin is highly regarded for Women in Tax
World Tax 2019

Catherine Galvin is highly regarded
World TP 2019

Recognised for Tax Law
Best Lawyers Ireland 2019 edition

Women in Tax Leader, Ireland
ITR Women in Tax Leaders 2018, 4th edition

Recognised for Tax Law
Best Lawyers Ireland 2018 edition

Women in Tax Leader, Ireland
ITR Women in Tax Leaders 2017, 3rd edition

Catherine Galvin is listed as a leading transfer pricing advisor in the Guide to the World's Leading Transfer Pricing Advisers.

Catherine is recognised as a leading lawyer by international legal directory World TaxEuromoney Expert Guides and Best Lawyers.

Education

Dublin City University (MA in Taxation)

University College Dublin (BCL)

Ireland’s Corporation Tax Roadmap

Sep 21, 2020, 16:07 PM
On 5 September 2018, the Department of Finance issued Ireland’s Corporation Tax Roadmap (the “Roadmap”) setting out the next steps in implementing changes required at EU level under the Anti-Tax Avoidance Directives (“ATAD”) and the OECD’s Base Erosion and Profit Shifting project. The Roadmap confirms the timing of these key changes.
Title : Ireland’s Corporation Tax Roadmap
Filter services i ds : 2233475e-1d3c-49cc-9136-5142858c1949;
Engagement Time : 5
Insight Type : Article
Insight Date : Sep 7, 2018, 00:00 AM
On 5 September 2018, the Department of Finance issued Ireland’s Corporation Tax Roadmap (the “Roadmap”) setting out the next steps in implementing changes required at EU level under the Anti-Tax Avoidance Directives (“ATAD”) and the OECD’s Base Erosion and Profit Shifting project. The Roadmap confirms the timing of these key changes.

On 5 September 2018, the Department of Finance issued Ireland’s Corporation Tax Roadmap (the “Roadmap”) setting out the next steps in implementing changes required at EU level under the Anti-Tax Avoidance Directives (“ATAD”) and the OECD’s Base Erosion and Profit Shifting project. The Roadmap confirms the timing of these key changes.

The key changes confirmed in the Roadmap are set out below. Our extended client briefing is available here and you can access the complete Roadmap here.

Key Changes - Implementation of ATAD

The implementation of ATAD comprises five elements:

1. Controlled foreign company rules

  • Effective date: 1 January 2019
  • Ireland will adopt an Option B approach
  • Consultation on text of draft rules expected before the end of September 2018

2. General anti-abuse rules

  • No change required under Irish law

3. Interest limitation rules

  • Effective date: may take effect earlier than 1 January 2024
  • Consultation on implementation of Irish interest limitation rule will commence during the third quarter of 2018

4. Anti-hybrid rules

  • Effective date: 1 January 2020 (reverse hybrid rule will take effect on 1 January 2022)
  • Consultation on implementation of Irish anti-hybrid rules will commence during the third quarter of 2018

5. Exit tax

  • Effective date: 1 January 2020
  • Rate to be confirmed

Key Changes - Transfer Pricing

The 2017 OECD Transfer Pricing Guidelines will be incorporated into Irish law and will apply from 1 January 2020. Further consultation is expected on broader changes to the Irish transfer pricing regime during 2019.

Key Changes - Moving to a Territorial Regime

The Roadmap confirms that there was overall support for moving to a territorial regime for foreign dividends and branch profits when the Government consulted earlier this year. Further consultation on this proposal will be expected during 2019.

Key Changes - Multilateral Instrument

The MLI is expected to update Ireland’s double tax treaties from 1 January 2020. Consideration is also being given to incorporating anti-avoidance rules into Ireland’s domestic withholding tax exemptions.

Comment

The Roadmap confirms the direction of Irish corporation tax reform over the coming years. Although the Irish corporation tax system, similar to the tax systems in other EU jurisdictions, will undergo a period of change to reflect new international tax norms, the commitment to continue to consult with key stakeholders throughout this process is welcome. Matheson will continue to participate in this consultative process.

If you would like further details on any aspect of the Roadmap or how it applies to your transactions, please speak to your usual Matheson contact or to any member of our Tax Department.

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