Exploration company San Leon may move its tax base to Britain

Chief executive Oisín Fanning says Irish tax rules on dividends are causing strife for overseas shareholders

4th October, 2020
Exploration company San Leon may move its tax base to Britain
Oisin Fanning, chief executive of San Leon Energy

San Leon, the exploration company, has said it may shift its tax base to Britain as Irish dividend tax rules are causing issues for its overseas shareholders.

Oisín Fanning, the company‘s chief executive, said the Revenue Commissioner’s requirement that companies withhold 25 per cent of dividend payments at source has meant many of its smallholders are unaware of the procedures to reclaim the money. San Leon said this had become a concern for some institutional...

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