DBI Ireland_July 2013 - RSM Farrell Grant Sparks

Regulation
Ireland offers a regulatory environment built on openness, transparency and investor
protection.
The regulatory bodies in Ireland are The Financial Regulator and The Irish Stock
Exchange. They are involved in the initial and ongoing regulation of promoters, service
providers, fund structures and information to be provided to investors.
Taxation
Ireland offers a highly tax efficient environment for investment funds. It offers a wide
variety of tax efficient investment fund vehicles available to suit individual investor needs.
• Investment funds in Ireland are not subject to Irish tax on their income and gains,
although tax may be withheld in respect of the unit holders.
• There should be no Irish withholding tax on distributions to non-Irish unit holders.
• Ireland’s 12.5% corporation tax rate may apply to Irish fund management companies.
• Ireland has an extensive number of double taxation treaties.
• From an Irish VAT perspective, the VAT exemptions are wide ranging with regard to
the provision of services to funds (e.g administration, investment management).
• Ireland has not been included on any international list of tax havens (e.g. OECD/
G20) and was recently included on the OECD’s ‘white list’ of countries that have
substantially implemented internationally agreed tax standards.
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