International And Irish Update – June 2018

1 Summary

1.1 In this edition of the Maples Tax Update, we examine a number of current Irish and international tax issues:

1. in the financial services sector, we outline significant new guidance on the tax treatment of "section 110 companies" and Irish real estate funds. We also comment on the tax treatment of Irish investment managers;
2. the pace of international tax reform is unrelenting and we examine the new EU directive on reporting aggressive tax structures, in addition to the EU's proposals for digital taxation;
3. in relation to Irish real estate, there are new provisions governing stamp duty refunds on residential property, and our views on the tax status of REITs; and