265. Deputy Matt Shanahan asked the Minister for Finance to outline the exit tax collected on ETFs in the past five years, in tabular form; the relative prevailing tax rate for each year; and if he will make a statement on the matter. [44251/24]

266. Deputy Matt Shanahan asked the Minister for Finance to outline the exit tax collected on ETFs, specifically related two taxpayers reporting under the self-assessment scheme over the past five years, in tabular form; the relative prevailing tax rate for each year; and if he will make a statement on the matter. [44252/24]

I propose to take Questions Nos. 265 and 266 together.

There is no separate taxation regime specifically for Exchange Traded Funds (ETFs). How returns on investments in ETFs are taxed will depend on the domicile and nature of the ETF.

Within the Taxes Consolidation Act 1997, there is a domestic fund regime which applies to all Irish domiciled funds, while the offshore funds regime applies to funds domiciled outside of Ireland.

It is not possible to segregate the tax paid in respect of investments in ETFs from that paid in relation to other funds. This means that the data requested is not available.

The rates of tax applicable to Irish investors’ income or gains arising in respect of investments in the different types of ETF are set out below:

Where the units are in an Irish domiciled ETF and are not held in a clearing system, the ETF must operate the tax as outlined above.  In all other cases, the Irish investor must account for any tax arising under the self-assessment system.

Further information on the taxation of ETFs is available on the Revenue website at: www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-27/27-01a-03.pdf

It should also be noted that on 22 October 2024, I published the Report of the Funds Sector 2030 (Review).  The Review Team has developed a set of recommendations, including recommendations specifically related to ETFs. The Report of the Review is available at: www.gov.ie/en/publication/da341-funds-sector-2030-a-framework-for-open-resilient-and-developing-markets/