This webinar will provide an introduction to the excessive interest and financing expenses (EIFEL) rules that were originally announced in Budget 2021 and is a regime that is intended to be consistent with the recommendations under Action 4 of the Base Erosion and Profit Shifting Project report. The application of the EIFEL rules provide a limit on the deduction of net interest and financing expenses in the computation of taxable income. This session will include a discussion on the taxpayers that may be impacted by the EIFEL rules, how the EIFEL rules are applied and the potential relieving measures available.