Base Erosion & Profit Shifting | BEPS 

In July 2013 the OECD released its widely anticipated Comprehensive Action Plan (“Plan”) on Base Erosion and Profit Shifting (“BEPS”). They set out an ambitious timetable to work with governments in approximately 40 participating countries, taxing authorities and  business representatives to develop and implement these actions over the course of 2014 and 2015 and beyond. 

The “Plan” will have an impact on a range of businesses in Ireland.  KPMG Ireland can help you monitor developments on the outcomes of the “Plan’s” actions in Ireland and Internationally.  Our BEPS website will provide you with updates to the “Plan” as they are released and will provide you with a  guide to what lies behind this initiative, the likely impact on Ireland and what the key considerations are for you and your business. 

 

Inevitably the impact may vary depending on individual company circumstances. Please do feel free to get in touch with us to discuss how we can help you assess the implications for your particular situation. We look forward to hearing from you. 

KPMG BEPS updates

Are you ready for BEPS

Are you ready for BEPS?

17 September 2014

 

On 16 September 2014 the OECD released outputs from 7 of the 15 actions under its Base Erosion and Profit Shifting Action Plan (“the Plan”).

 

See also:

 

 

Analysis of BEPS actions

Analysis of BEPS Actions released on 16 September 2014
18 September 2014

 

Ireland, Apple & transfer pricing: EU Competition Commission investigation  

June 2014

 

On 11 June 2014 the European Competition Commission announced it was opening a State Aid investigation in relation to an advance transfer pricing opinion given by Ireland to Apple.

 

BEPS in Ireland

Irish context for OECD Base Erosion & Profit Shifting (BEPS)

May 2014

 

On 26 May 2014, the Department of Finance launched a public consultation on BEPS – OECD base erosion and profit shifting in an Irish context –what might this mean for the future of Ireland’s tax regime.

Digital economy

Tax challenges of the digital economy –
potential implications for Ireland
 

March 2014

 

On 24 March 2014 the OECD released a draft of its report on tax challenges of the digital economy – KPMG considers what the proposals outlined in the report might mean for business in Ireland.

Update on OECD Action Plan on Base Profit 

Update on OECD action plan on BEPS 

February 2014

 

Six months on since the OECD released its Action Plan on BEPS KPMG has taken the actions in the Plan and attempted to identify the initiatives of greatest relevance to companies in different sectors.

BEPS | On a page - country by country reporting

BEPS - On a page - Country-by-country reporting 

January 2014

 

One of the 15 specific actions of the OECD Action Plan on BEPS was to re-examine transfer pricing (‘TP’) documentation. The Action Plan outlines that the re-examination seeks to increase transparency and ‘include a requirement... to provide all relevant governments with... information on... global allocation of the income, economic activity and taxes paid among countries according to a common template’. Accordingly, the concept of Country-by-Country (‘CbC’) reporting was born.

Base Erosion & Profit Shifting action plan 

July 2013

 

The OECD released its widely anticipated Comprehensive Action Plan (“Plan”) on Base Erosion and Profit Shifting (“BEPS”). Our guide summarises what lies behind this initiative, the likely impact on Ireland and what are the key considerations for you and your business.

BEPS contacts

Conor O'Brien, Partner 

Conor O'Brien

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Partner & Head of Tax

conor.obrien@kpmg.ie

+353 1 410 2027

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Conor O'Sullivan 

Conor O’Sullivan

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Partner

conor.osullivan@kpmg.ie

+353 1 410 1181

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