Irish Tax Institute criticises new withholding tax proposals

Institute warns new tax system risks damaging Ireland’s competitiveness and is 'too risky'

Former finance minister Paschal Donohoe announced a modernisation of the system during his budget speech last year. 

The Irish Tax Institute has come out against Revenue's proposals to introduce a new eWithholding Tax (eWHT) system, calling it “too broad” and “too risky”.

During his budget speech last year, former finance minister Paschal Donohoe said his department and Revenue would be seeking input on the modernisation of Professional Services Withholding Tax (PSWT) and Relevant Contracts Tax (RCT).