International double taxation may arise where two countries seek to tax the same transactions or activities and whilst double taxation agreements (DTA) may, in principle, resolve these issues, double taxation may not be fully eliminated where two jurisdictions disagree on the basis for taxation.
Tax Disputes & EnquiriesIn a bid to tackle unsolicited calls, the current draft of the Data Protection and Digital Information Bill will increase fines for nuisance calls and texts to GDPR and Data Protection Act levels, which is either 4% of global turnover or £17.5m, whichever is greater. Read more on the latest updates here.
EmploymentThe Irish Tax Appeals Commission (TAC) has recently published its 2022 Annual Report providing an insight into the activities and trends in its area of responsibility. 2022 was a record-breaking year for the TAC in terms of number of appeals closed and number of hearings scheduled.
TaxIn the annual Hydrogen report, first published by eolas magazine this month, our Energy, Infrastructure & Natural Resources team team provide an insight into Ireland’s green hydrogen potential.
Energy & Natural ResourcesThe EU Directive on credit servicers and credit purchasers (Directive (EU) 2021/2167) (the NPL Directive) was introduced by the EU as part of its strategy to reduce current levels of non-performing loans (NPLs) held by EU credit institutions, as well as introducing a harmonised EU-wide framework for NPL sellers, purchasers and servicers.
Capital Markets - DebtThe recent High Court judgment of Conway v An Bord Pleanala & Ors [2023] IEHC 178 concerned an application challenging the constitutional validity of s.28(1C) of the Planning and Development Act 2000 (the 2000 Act).
Environmental & PlanningIn our third instalment of the Sustainability reporting standards series, we focus on the current draft of ESRS 2, which sets out the general disclosures that all in scope companies are required to report on.
ESG & SustainabilityIn the annual Enery Ireland Yearbook 2023, our Energy, Infrastructure & Natural Resources team team provide an insight into renewable gas: policy developments and opportunities for biomethane. Partners John Dallas and Ross Moore share their views on how the decarbonisation of the gas network through the introduction of renewable gases is an important part of Ireland's net zero strategy.
Energy & Natural ResourcesDomestically, the CBI has published an update to the General Good Requirements arising from the Insurance Distribution Directive. At European level, EIOPA and the ECB published a joint discussion paper setting out the policy options to reduce the climate insurance protection gap.
Financial RegulationDomestically, the CBI is increasing limits for indirect exposure to digital assets depending on the liquidity provided by the Qualifying Investor Alternative Investment Fund. At European level, a third set of Q&As on the interpretation of the Sustainable Finance Disclosure Regulation was published.
Asset Management & Investment FundsDomestically, the CBI has revised the position on Irish domiciled funds to gain exposure to digital assets. At European level, guidelines on certain aspects of the MIFID II remuneration and suitability requirements have been published.
Asset Management & Investment FundsDomestically, the Individual Accountability Framework has commenced with the exception of Part 2 and Part 3 (Section 10). At European level, the third report of a digital euro has been published and Single Rulebook Q&A's have been updated.
Financial Regulation
