ARTICLE · 09 FEBRUARY 2016

Irish CbC Reporting For Multinational Groups, Irish Investment Funds And Irish SPVs

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Ireland's country by country reporting regulations were published in January 2016.

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Ireland's country by country ("CbC") reporting regulations (the "Regulations") were published in January 2016. The Regulations include important details on when Irish subsidiaries of non-Irish headquartered groups will be obliged to file CbC reports with the Irish Revenue Commissioners ("Irish Revenue"). We have also considered the impact of the Regulations on international groups that include Irish investment funds and SPVs.

CbC reporting for Irish headquartered groups

In line with OECD recommendations, the requirement to submit a CbC report applies to Irish headquartered multinational companies with annual consolidated group revenue of €750 million or more. The reporting requirement applies for accounting periods beginning on or after 1 January 2016. CbC reports (based on the OECD template) must be filed with Irish Revenue within 12 months of the end of the relevant accounting period.

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