• Service: Tax, Global Transfer Pricing Services
  • Type: Regulatory update
  • Date: 10/4/2013

Ireland - Transfer pricing FAQs 

October 4:  With the introduction in Ireland of a new transfer pricing regime (in the Finance Act 2010), taxpayers may have questions generally relating to the principles of transfer pricing and specifically relating to the new transfer pricing rules in Ireland.

The KPMG member firm in Ireland has prepared a list of “frequently asked questions” (FAQs) on the transfer pricing rules in Ireland, that include answers to the following questions:

  • Which laws or guidelines govern the control of Irish transfer pricing?
  • What is the effective date for the proposed Irish transfer pricing rules?
  • Who falls within the scope of the Irish transfer pricing rules?
  • What inter-company transactions will be affected?
  • What does “associated” mean?
  • How does a taxpayer determine that an intercompany transaction is arm’s length?
  • What will the effect be if the Irish Revenue determines that the arrangement was not entered into at arm’s length?
  • Are corresponding transfer pricing adjustments allowed?
  • Who will be performing audits at Irish Revenue?
  • What documentation is required?
  • When must documentation be prepared?

Read a 2013 report prepared by the KPMG member firm in Ireland: Irish Transfer Pricing FAQs

Contact a tax professional with KPMG's Global Transfer Pricing Services.

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