Ireland Tax Agency Explains Debt Warehousing Regime for Businesses Affected by Coronavirus

The Irish Revenue Commissioners Jan. 13 explained that the debt warehousing regime for businesses affected by the coronavirus pandemic is available until Jan. 31. The tax agency further explained that: 1) the regime allows businesses to defer pay-as-you-earn (PAYE) and VAT debts for 12 months without interest following the resumption of business; 2) after 12 months the debt can be paid in full without interest or by installment at a 3 percent annual interest rate; and 3) businesses must file all relevant tax declarations to use the regime. [Ireland, Revenue Commissioners, 01/13/21]

Reference:
View Announcement.