Financial Services Tax

Helping our clients navigate complex risks and transform their business.

Our experienced Financial Services (FS) tax team of 180 professionals, including 10 Partners, are experts in their fields, specialising in the dynamic and diverse world of financial services. We collaborate with you to navigate the financial services industry’s complex tax and regulatory landscape, creating sustainable solutions tailored to your unique needs. Our dedication to excellence and deep industry knowledge ensures that our tax advice provides exceptional value, helping you achieve your business goals efficiently and effectively.

Client priorities

As global tax regulations evolve and grow more complex, businesses in the financial services industry require reliable expertise and solutions. At PwC Ireland, we provide extensive support to help you navigate these complex tax risks and achieve your goals.

Digital transformation

Companies globally face increasing pressure to control costs, improve efficiency and meet tax authorities’ demands for greater data transparency. Penalties for non-compliance are becoming more severe, and compliance requirements are increasingly complex. Companies must evaluate how to maximise tax function resources, processes and outcomes to reduce risk and improve efficiencies.

Sustainable change in AWM

Asset and wealth management (AWM) is central to Ireland’s financial services industry and the broader economy. The sector now has the opportunity to redefine its role and showcase the value it brings to employees, investors and society. As customer needs change and technology and ESG investments gain urgency, the AWM sector has shown resilience and rapid innovation. Asset and wealth managers can continue transforming and creating new revenue opportunities, and ultimately help shape the future.

 

Compliance obligations

Companies globally face increasing pressure to control costs, improve efficiency and meet tax authorities’ demands for greater data transparency. Penalties for non-compliance are becoming more severe, and compliance requirements are increasingly complex. Companies must evaluate how to maximise tax function resources, processes and outcomes to reduce risk and improve efficiencies.

 

Our FS Tax services

Asset and Wealth Management

Asset management firms operate in a complex global tax environment. Our dedicated team of over 70 asset and wealth management tax professionals focuses on international and local tax issues. We cover traditional, alternative and real estate asset classes. We support all tax matters relevant to your operations in Ireland and the international structuring and distribution of your investment strategy. This includes tax consulting advice in areas such as Pillar Two, structuring investment vehicles, managing portfolio tax risk, investment due diligence, and tax considerations for distribution to international investors. Our expertise also extends to corporation tax advice, VAT advice, and tax compliance.

 

Real Estate

Our team of over 20 professionals is part of Ireland’s leading deals tax team, with expertise in the full spectrum of specialist services required to support the real estate industry. We advise global and domestic investors on their investments in real estate assets in Ireland and internationally, and our services range from initial structuring and due diligence to the entire lifecycle of the investment, from acquisition to hold and exit planning. We provide tailored tax advice to help manage and optimise your real estate investments. This includes guidance on structuring investment vehicles, managing tax risks, and ensuring compliance with local and international tax regulations. Our expertise extends to transfer pricing, VAT and capital gains tax, ensuring that your investments are tax-efficient and compliant with all relevant regulations.

 

Information Reporting

The tax transparency agenda has led to increased regulatory and reporting requirements. Financial institutions and service providers need rigorous governance and robust compliance solutions. Our team of over 20 professionals has the experience and technology capabilities to manage FATCA, DAC 2, CRS, DAC 6 and DAC 7 obligations. Our involvement in local and international working groups allows us to offer unparalleled insights on FATCA and CRS matters alongside Irish and international tax updates relevant to your business. We assist in documenting operational compliance and creating sustainable solutions built on proper governance and internal controls.

 

Aviation Finance

PwC Ireland is a global centre of excellence for aviation leasing. Our team, comprising over 60 aviation leasing tax professionals, provides tax advice across the lifecycle of aviation finance organisations in over 125 jurisdictions. We coordinate a world-class aviation leasing tax network, delivering high-quality services to top aircraft lessors, new institutional investors and start-ups. Our aviation finance advisory services (AFAS) team guides stakeholders through the entire deal cycle and is supported by highly experienced aviation specialists. Our integrated approach ensures efficiency, profitability and success for our clients.

Insurance

Our dedicated insurance tax team works across all sectors of the domestic and international (re)insurance industries. We assist clients in life, non-life and Irish domestic old-basis business regimes. Our tax services include internal restructures, third-party deals and due diligence, financing structures, tax compliance, tax provisioning services, and Pillar Two planning and compliance services. These services are delivered by professionals who understand your industry and its regulatory environment.

 

Banking and Fintech

Our dedicated team of tax and market experts provides high-quality services to clients in the banking and fintech sectors. We operate across retail, commercial, treasury and investment banking sectors, both domestically and internationally. Our tax services for banking clients include tax structuring, third-party deals and due diligence, financing structures, tax compliance, operational taxes, Revenue audits and Pillar Two planning and consulting services. These services are delivered by specialists who deeply understand the banking industry and its regulatory environment.

Fintech is central to the evolving digital landscape within financial services. Various market forces have pushed established players and new entrants alike to integrate technology into their business models to stay competitive. The fintech sector encompasses businesses of all sizes, leveraging innovation to solve customer problems and seize opportunities. Our fintech tax team, comprising highly experienced specialists, helps navigate the constantly evolving fintech ecosystem. Whether you are an innovator, an investor or a global financial services provider, our tax team is here to help.

 

Insourced Solutions for Tax

Our Insourced Solutions for Tax (IST) group provides managed tax services to clients through business experience and tax technical expertise. The IST platform enables PwC to deliver an unparalleled client experience with an in-house feel. Our team of 12 highly experienced cross-functional tax professionals advises on corporate tax planning, compliance, transfer pricing, M&A, VAT and relevant contracts tax (RCT).

 

 

Meet the Financial Services Tax team

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Contact us

Colin Farrell

Colin Farrell

Partner, PwC Ireland (Republic of)

Tel: +353 86 086 7302

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