Ireland’s tax authority issues FAQs on country-by-country reporting

Irish Revenue on June 23 issued a set of frequently asked questions regarding new Irish tax legislation and regulations that require country-by-country reporting by multinational corporations.

The FAQ for the most part is based on the various OECD publications on CbC reports but there are a few deviations/additional guidance worth noting

• A secondary reporting mechanism where the local Irish constituent entity files on behalf of the entire MNE group as a local filer (and not as the ultimate …