Global Tax Alert (News from Transfer Pricing) | 28 November 2017

Irish Revenue grants extension for Country-by-Country Reporting filing

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On 24 November 2017, the Irish Revenue published an eBrief update (eBrief No. 107/17 ) stating that “Due to the late availability of the CbC Reporting filing facility, it will remain open for, and accept, CbC Reports for fiscal years ending in 2016 up to 28 February 2018.“ The first Country-by-Country (CbC) reports for 2016 were due to be filed by taxpayers in Ireland by 31 December 2017.

The reason given for the two-month extension is that the Irish Revenue has developed an electronic CbC reporting filing system which includes a standard validation module that is being provided by the European Commission. However, due to late changes to the CbC reporting schema, the final version of the validation module is not yet available.

It is important to note that this change does not affect the CbC notification requirements, whereby the Regulations require an annual notification to be made to the Revenue Commissioners by the last day of the fiscal year to which the CbC report relates.

For additional information with respect to this Alert, please contact the following:

Ernst & Young (Ireland), Dublin
  • Dan McSwiney
  • Noel Maher
  • Killian Nolan
Ernst & Young LLP, Irish Tax Desk, New York
  • James Burrows
Ernst & Young LLP, Irish Tax Desk, San Jose
  • Karl Doyle
Ernst & Young LLP, FSO Irish Tax Desk, New York
  • Siobhan Dillon

EYG no. 06573-171Gbl