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Ireland presses on with Islamic finance tax neutrality laws

Posted on 22 November 2010

From Arabnews.com: The Irish banking system may be beleaguered and awaiting an imminent bail out from the eurozone countries through the European Central Bank, but the Irish Revenue and Customs is pressing ahead with its tax neutrality regime to facilitate the introduction of Islamic financial transactions in the country.
The Irish Revenue in October 2010 published its latest report on Islamic finance, namely ‘Guidance Notes on the Tax Treatment of Islamic Financial Transactions’ which relate to Islamic investment funds; leasing and hire purchase (ijara) arrangements; takaful (Islamic insurance) and retakaful (Islamic reinsurance);………………………………………Full Article: Source

 
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