Just this week, Euronext launched its first integrated marketplace for European exchange -traded funds (ETFs), a development that enhances liquidity and transparency across the continent and has potential benefits for Dublin. At the same time, the current ETF “deemed disposal” Irish tax rules continue to act as a barrier for both investors and fund promoters. With Budget 2026 around the corner, there is an opportunity to consider reforms that would better align Ireland with international peers, broaden retail investor participation, and reinforce Ireland’s position as a leading hub for ETF activity.

In our response to the Ireland for Finance 2026–2030 consultation, Chartered Accountants Ireland highlighted the importance of strengthening Euronext Dublin and modernising the tax treatment of exchange-traded funds (ETFs) as part of Ireland’s next financial services strategy. Ireland is already a global leader in ETFs, but further action is needed to ensure long-term competitiveness.

Revitalising Euronext Dublin

Ireland’s domestic exchange is a vital piece of infrastructure. A deeper, more liquid stock exchange not only helps indigenous firms raise equity but also positions Ireland as more than just a fund servicing centre. Reviving Euronext Dublin is key to building credibility as a hub for capital markets activity.

A European Opportunity

Euronext has recently launched its first integrated marketplace for European ETFs, designed to boost liquidity, transparency and efficiency across multiple exchanges. With Ireland’s established expertise in ETF servicing and regulation, Dublin is well placed to take advantage of this development and attract new flows of capital.

Tackling the Tax Barrier

The current “deemed disposal” rule; taxing ETF investors every eight years, even if they do not sell, creates a barrier for both domestic investors and international promoters. Reforming this rule would make Ireland more competitive internationally and encourage wider retail participation in capital markets.

Budget 2026 as a Turning Point

Budget 2026 provides an opportunity to modernise ETF taxation and align Ireland with peer jurisdictions. Coupled with the momentum from Euronext’s new ETF marketplace, such reform could strengthen Ireland’s position as a leading location for ETF activity and deliver long-term benefits for the wider economy.

For more information read our full submission to the Department of Finance on Ireland for Finance 2026–2030  here.