Ireland’s tax authority on November 24 announced that it will extend the deadline for filing country-by-country reports of multinationals for fiscal years ending in 2016.
The deadline has been extended from December 31 to February 28, 2018, due to technical difficulties associated with the electronic filing system.
Irish Tax and Customs said the delay was caused by late changes made to the country-by-country reporting schema which, in turn, caused the final version of the EU Commission validation module to be delayed.
The country-by-country report filing obligation imposed on multinationals was established in a 2015 agreement reached by OECD and G20 nations and is designed to aid tax authorities in determining whether multinationals operating in their countries are at risk of engaging in tax avoidance through transfer pricing or other means.
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