Ireland’s Department of Finance of February 18 opened a consultation on proposed changes to the transfer pricing laws applicable to multinational taxpayers.
The consultation asks taxpayers to comment on whether the Ireland’s transfer pricing legislation should be amended to incorporate the 2017 update to the OECD transfer pricing guidelines and the transfer pricing rules should be extended to small and medium-sized enterprises or to non-trading income and capital transactions.
Taxpayers are asked to comment on Ireland’s transfer pricing documentation requirements. Also, the consultation askes if the Authorized OECD Approach for the attribution of branch profits would be appropriate for adoption into Irish law.
The consultation runs until April 2.
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