Finance Dublin Irish Tax Monitor August 2023
The Deloitte Roundtable panel comment on a number of BEPS issues related to aircraft leasing, specifically in relation to the substance based income exclusion (SBIE) and whether Irish aircraft leasing companies will be able to access the exclusion.
In this issue of the Finance Dublin Irish Tax Monitor the Roundtable panel comment on a number of BEPS issues related to aircraft leasing, specifically in relation to the substance based income exclusion (SBIE) and whether Irish aircraft leasing companies will be able to access the exclusion. For the domestic life insurance sector, the treatment of ‘old basis business’ under BEPS rules is also examined, with further guidance required. Other topics explored include the EU’s Carbon Border Adjustment Mechanism (CBAM) and what importers need to do now to prepare for the regime; the opportunity to streamline Ireland’s interest deductibility regime; key rulings from the Tax Appeals Commission and the important role that the corporate tax function can play in a company’s ESG strategy.
