The concept of a ‘qualifying financing company’ has been introduced in the Finance (No.2) Act 2023, signed into law on 18th December 2023. Can you outline what a ‘qualifying financing company’ is and the implications for entities potentially affected as being in scope, and their interest deductibility? In your view, what would be the most impactful changes that could be made to simplify Ireland’s rules around interest deductibility?
