Financial Services Tax Newsletter June 2024

In this quarter's edition, we present key updates that are influencing the Financial Services Tax landscape. The Department of Finance has made significant progress toward introducing a participation exemption for foreign dividends, recently issuing a strawman proposal that outlines potential approaches for implementation in Ireland.

This issue also examines newly released guidance from Revenue concerning the VAT treatment of negotiation services within financial services, with expert analysis provided by Philip Nolan.

Furthermore, we review the concept of the “qualifying financing company” introduced in last year’s Finance Act, in addition to offering a thorough roundup of international tax developments.

We trust you’ll find this edition both insightful and informative, and as always, we’re here to discuss any of these topics in greater depth.