Revenue Guidance on Unit Trusts and Offshore Funds

Taxation of Income and Gains from Offshore Funds and Investment Undertakings

On 22nd January 2026, the Revenue Commissioners updated their guidance manuals on Offshore Funds and Investment Undertakings, to reflect Finance Act 2025 amendments. The tax rate for individuals has been reduced from 41% to 38% effective from 1st January 2026. This lower rate applies to income and gains from Irish domiciled investment funds as well as equivalent offshore investment funds located in other EU Member States, EEA States, and OECD countries holding a double taxation agreement with Ireland.

For Tax and Duty Manual Part 27-04-01 (Offshore Funds: Taxation of Income and Gains from EU, EEA and OECD Member States), please click: https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-27/27-04-01.pdf

For Tax and Duty Manual Part 27-01a-02 (Investment Undertakings) please click: https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-27/27-01a-02.pdf

For full and comprehensive tax advice on Offshore funds and Investment Undertakings, please contact us at info@accountsadvicecentre.ie

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.