This consultation seeks feedback on a number of aspects of Ireland’s current transfer regime .
This consultation seeks feedback on Ireland’s current transfer regime.
On 18 February 2019, Ireland’s Department of Finance launched a public consultation on Ireland’s transfer pricing regime. As announced in Ireland’s Corporation Tax Roadmap released in September 2018, Ireland intends to legislate in Finance Bill 2019 updates to Ireland’s transfer pricing rules to take effect from 1 January 2020. The consultation period will run until 2 April 2019.
This consultation seeks feedback on a number of aspects of Ireland’s current transfer pricing regime and explores a range of issues that will arise in moving from the current rules to a new regime. These include:
Transfer pricing is a critical area for Irish business and changes in the areas concerned could have a significant impact. It is important that taxpayers consider the potential impact and feed into the transfer pricing consultation process. The KPMG transfer pricing team will be providing an opportunity for clients to understand the issues involved and their potential impact to allow Irish business respond to this opportunity provided. Please contact your KPMG transfer pricing team member should you wish to discuss any aspect of this.