Value-added tax (VAT) can represent a significant cost for VAT-exempt financial services entities, including traditional and alternative Irish investment funds. Against the backdrop of continued growth in the Irish funds industry and the expected industry developments outlined in the Department of Finance’s recent Funds Sector 2030 report, we outline the current VAT landscape for investment funds domiciled in Ireland, including the impact of recent legislative changes, key VAT risks and topical developments that are likely to impact Irish funds going forward.
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