Financial Services Ireland


One local contact to manage your global tax risk in Ireland

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Investment funds generally hold a large variety of foreign investments. Managing tax risk can be complicated. The requirements across different markets are complex, varied and are on the increase, as tax authorities continue to focus on compliance, collecting taxes and exchange of information.

In every market you operate in, whether investor or investment, you need to understand the tax operating issues, opportunities and risks. Investment funds may require tax advice in multiple jurisdictions to ensure all tax reporting obligations are met and answer questions about these requirements and understand the tax risks of entering new markets are understood.

Tax-related reputation risk creates challenges for funds. It is critical for funds to develop a structured approach to managing tax risk. Having one advisor that is familiar with your whole structure, coordinating not advising in isolation is one effective way of managing that risk.

Managing tax risk

At EY we operate as ‘One FSO’ – A Financial Services practice that’s fully integrated across EMEIA. Our unique structure allows us to leverage our network of global knowledge, empowering optimum local decision making. Allowing your fund to have one contact that will coordinate all tax advice relevant to your investors and investments.

These factors are all driving demand for a single local contact in a global environment. EY FSO Ireland is experienced in providing such services for Irish Funds with Global Investors and Investments including:

  • Global tax help
    EY can support you in dealing with tax documentation requests and tax related market alerts from global custodians, helping you deal with these requests and determining which alerts require action.
  • Global tax agent services
    EY provides a globally centralised approach to tax compliance services for foreign portfolio investors, where in-country tax return filing services are required.
  • On call advisory services
    We provide on call tax advisory support in relation to operational tax issues for funds. We operate a range of services models and are happy to discuss and tailor an agreement for your specific needs.

For more information, feel free to get in touch with me or your usual EY contact.

Sinéad Colreavy

FS Partner, Tax and EY FS Ireland People Partner
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