Ireland Tax Agency Updates Guidance on Taxation of Investment Undertakings, Specified Offshore Funds

The Irish Revenue Commissioners Jan. 22 issued Revenue eBrief No. 016/26, updating guidance concerning the taxation of investment undertakings, and offshore funds in EU, European Economic Area (EEA), and OECD member countries, to reflect changes introduced under Finance Act 2025. Topics covered include: 1) the gross roll?up regime for investment undertakings, under which funds aren’t taxed annually but must deduct exit tax when a chargeable event occurs; 2) rules under the offshore funds regime for taxing income and gains from offshore funds in EU, EEA, and OECD member countries; and 3) the reduction, to 38 percent from 41 percent, in ...