##  [Interest deductibility limits – the updates you’ve been waiting for](/event/interest-deductibility-limits-updates-youve-been-waiting) 

####  Dates 

Feb 23, 2022 2:00:pm - Feb 23, 2022 3:00:pm

 

[Register](https://info.ey.com/Interest_deductibility_limits_EN.html)

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**Finance releases draft legislation for new excessive interest and financing expense limitation (EIFEL) regime.**

On February 4, 2022, the Department of Finance released for public comment draft legislative proposals and accompanying explanatory notes to implement the new earnings-stripping rule that will limit the amount of interest and financing expenses that businesses may deduct for income tax purposes based on a proportion of earnings. These measures were first introduced in the 2021 federal budget consistent with the recommendations in Action 4 Report of the OECD’s BEPS Action Plan.

***We invite you to join us as we discuss the new EIFEL regime and share various related scenarios and perspectives.***



[Register](https://info.ey.com/Interest_deductibility_limits_EN.html)