Transfer Pricing In Ireland: Past, Present & Future (Dec 23)
Category: Tax | Duration: 2hrs | Tag: VODWITX1IE23SA4 | Type: Video | Course Level: Intermediate | Speaker: Anthony Crewe | Date: 13/12/2023 15:40
Transfer Pricing has been on the statute books in Ireland for more than a decade but until 2020 was a minority sport. Since 2020 and the introduction of a tiered Transfer Pricing Documentation requirement for larger corporate groups – regardless of the scale of their presence in Ireland – this has become a major focus for Corporate Tax Compliance and for Irish Revenue. All companies, groups and branches are now required to price all intra-group trading transactions in the same way they would if they were independent entities. That can include transactions for which groups make no internal recharge. As a result, all Irish practitioners who deal with groups of companies, subsidiaries of overseas groups or branches of overseas companies, now need to be aware of the transfer pricing rules. If not, their clients may be at risk of significant penalties for not having the right documentation (Local Files or Master Files) in place.
The OECD and the EU are looking at increasing the pressure on corporates to make sure that they pay their taxes in the right countries and transfer pricing will be a key lever in achieving this aim.
Anthony Crewe covers the following topics during this webinar:
Anthony Crewe