Oireachtas Joint and Select Committees
Thursday, 17 November 2022
Public Accounts Committee
2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
9:30 am
Ms Emma Cunningham:
Yes. There is a directive at European level to bring in the 15% rate. It still has not been agreed at European level, but the expectation is that it will be. On that basis, we would introduce it in the Finance Bill next year for implementation in 2024. The agreement is still being discussed at the OECD, but the expectation is that there would be an international agreement and multilateral convention. The expectation is that it would be agreed in mid-2023 with a 2024 implementation date.