Countries | Crisis | Governments | Legal | Lessor
Ireland-Based Aircraft Lessors Face Tax Scrutiny from India
Ireland-based aircraft leasing firms, widely favored by Indian airlines for fleet expansion, are now under scrutiny from India’s tax authorities. The investigation stems from concerns that these lessors might be exploiting favorable tax treaties, specifically by structuring their businesses in Ireland to minimize tax liabilities in India. Leasing companies registered in Ireland benefit from the country’s low corporate tax rates and its expansive network of international tax treaties, which has made it a leasing hub. However, India suspects that some firms may be using Ireland’s tax benefits to bypass local tax obligations.
Please SUBSCRIBE to view the full content.
First month of membership is free!