Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 23 MARCH 2017

International And Irish Tax Update - March 2017

Maples Group
Maples Group
Contributor
Maples Group

Maples Group

The Maples Group, through its leading international law firm, Maples and Calder, advises global...

View firm profile
Explore more from Maples Group

In this edition of the Maples and Calder Tax Update, we focus on both Irish and international tax developments.

IrelandTax
Andrew Quinn
Andrew Quinn
William Fogarty
William Fogarty
Author LinkedIn connections

Summary

In this edition of the Maples and Calder Tax Update, we focus on both Irish and international tax developments. 

(a) The enactment of the recent Irish Finance Act 2016 has introduced significant changes to the taxation of vehicles investing in Irish real estate. The changes impact Irish regulated investment funds and companies that utilise Ireland's securitisation tax provisions (so called "Section 110 Companies"). The changes are significant and relevant to fund managers, debt investors and property businesses.

(b) On the international front, the publication of the EU Commission's decision on State Aid with respect to Apple has attracted considerable comment. We also highlight how the OECD's Base Erosion and Profit Shifting ("BEPS") project continues to progress in relation to Action 6 and tax treaty access. 

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Irish Budget 2027: Key Tax Measures For The Financial Services Industry

Ireland's Budget 2027 introduces a lower exit tax rate for fund investors, clearer rules for Irish ETFs, and a new Retail Investment Account, while leaving the controversial eight-year deemed disposal rule unchanged. The package also includes Pillar Two updates, interest relief reforms, and a capital gains tax reduction, offering targeted refinements for the financial services sector rather than the fundamental reform many had anticipated.
IrelandTax
Dillon Eustace
Dillon Eustace
Article

The Finance (No. 2) Bill 2026: What You Need To Know

Ireland's Finance (No. 2) Bill 2026 introduces significant tax reforms including a capital gains tax reduction from 33% to 31%, enhanced R&D tax credits with increased subcontracting limits, and the launch of a new Individual Investment Account allowing €12,000 annual tax-efficient investments. The legislation also implements Pillar Two safe harbours, simplifies interest taxation rules, and establishes a new Derelict Property Tax to encourage property regeneration.
IrelandTax
Arthur Cox
Arthur Cox
Article

The DAC Recast – Delivering Meaningful Tax Simplification

The European Commission has proposed consolidating nine separate Directives on Administrative Cooperation into a single recast directive, aiming to simplify the EU's tax information exchange framework while maintaining transparency. However, the proposal faces significant challenges including the incorporation of previously rejected "Unshell" provisions, the requirement for unanimous approval from all 27 Member States, and questions about whether the consolidation will deliver meaningful simplification for
European UnionTax
Matheson
Matheson
Article

Irish Budget 2027 – Implications For Irish And International Investors

The Irish Budget for 2027 (“Budget 2027”) was announced by Minister Simon Harris on 6 October 2026. Budget 2027 contains a number of measures intended to support Ireland’s status as a leading financial and investment jurisdiction in Europe. International investors will welcome the introduction of reforms for the taxation of Irish corporates, the introduction of new rules to accommodate the Pillar Two side-by-side agreement with the US and the extensions to Irish tax provisions for tax credits.
IrelandTax
Maples Group
Maples Group
Article

Budget 2027: What It Means For Real Estate, Infrastructure And Development

Ireland's Budget 2027 shifts focus from major tax reforms to infrastructure delivery and development acceleration. With €20.3 billion allocated to capital expenditure and targeted measures for housing, energy, and transport, the budget emphasizes removing bottlenecks and improving efficiency. Notable changes include reduced investment undertaking tax rates, a new derelict property tax, and modifications to capital gains tax treatment for development land.
IrelandTax
Arthur Cox
Arthur Cox
Article

Statutory Codification Of Foreign Entity Tax Classification In Ireland

Ireland has introduced Section 1009A of the Taxes Consolidation Act 1997, marking the first time Irish legislation directly addresses the tax transparency of foreign entities. This groundbreaking provision has significant implications for cross-border investment structures involving Irish funds, particularly those utilizing Delaware limited partnerships, U.K. LLPs, and U.S. LLCs, with downstream consequences for Pillar 2 and anti-hybrid mismatch rules.
IrelandTax
Maples Group
Maples Group
Article

New PRC Offshore Trust Tax Rules – Key Implications For Cayman And BVI Offshore Trust Structures

On 24 July 2026, China's Ministry of Finance and State Taxation Administration jointly issued the Announcement on Individual Income Tax Matters Relating to Offshore Trusts (《财政部 税务总局关于离岸信托个人所 得税有关事项的公告》) (Announcement No. 21 of 2026) (the "Notice"), together with a companion Announcement of the State Taxation Administration on Collection and Administration Matters Relating to Individual Income Tax on Offshore Trusts...
GlobalCorporate/Commercial Law
Maples Group
Maples Group
Article

AIFMD II: Key Implementation Developments In Luxembourg

Two years on from the entry into force of Directive (EU) 2024/927, commonly referred to as AIFMD II, the 16 April 2026 transposition deadline has passed, and the state of play across the EU is best described as uneven, with compliance posture increasingly dependent on where an AIFM is authorised. However, Luxembourg, which hosts the largest shares of EU AIFs within the Union, transposed the Directive without material gold-plating.
European UnionFinance and Banking
Maples Group
Maples Group
Article

Irish Budget 2027 – Implications For Irish And International Investors

The Irish Budget for 2027 (“Budget 2027”) was announced by Minister Simon Harris on 6 October 2026. Budget 2027 contains a number of measures intended to support Ireland’s status as a leading financial and investment jurisdiction in Europe. International investors will welcome the introduction of reforms for the taxation of Irish corporates, the introduction of new rules to accommodate the Pillar Two side-by-side agreement with the US and the extensions to Irish tax provisions for tax credits.
IrelandTax
Maples Group
Maples Group