Irish Revenue has issued eBrief No. 200/18, announcing the creation of Tax and Duty Manual Part 08A-01-01 to incorporate Revenue's guidance notes on Islamic finance transactions. The guidance covers several areas, including:
- The concepts and common structures in Islamic finance;
- An overview of the tax treatment of Islamic financial transactions; and
- The specific treatment of:
- Islamic Investment Funds;
- Leasing and Hire Purchase (Ijarah) Arrangements;
- Insurance (Takaful) and Reinsurance (Re-…