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ARTICLE · 05 AUGUST 2021

Corporate Tax - Ireland: 2021

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In Global Legal Group's Global Legal Insights to Corporate Tax 2021, Andrew Quinn, Lynn Cramer and Niamh Cross provide an overview of key corporate tax developments and the tax climate in Ireland.

IrelandTax
Andrew Quinn
Andrew Quinn
Lynn Cramer
Lynn Cramer
Niamh Cross
Niamh Cross
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Overview of corporate tax work over the last year

Financial services

Ireland is a leading European jurisdiction for the establishment of bond-issuing special-purpose vehicles ("SPVs") and securitisation companies. In 2019, the Irish share of the number of Euro area "Financial and Vehicle Corporations" ("FVCs") was 27.6%. FVCs are bond-issuing companies required to report to the European Central Bank.

Ireland is also a leading domicile for internationally distributed investment funds. In 2020, the total funds assets under administration in Ireland was €5.4 trillion, with the number of funds domiciled in Ireland as at March 2021 being 8,105 and approximately €3.5 trillion held in these Irish domiciled funds.

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