Ireland to Endorse OECD’s Branch Intercompany Pricing Tax Rules

Oct. 22, 2021, 3:49 PM

Ireland has published a new draft law that would extend intercompany pricing rules to the taxation of foreign company branches in the country.

The measure, part of a draft finance bill published Thursday, adopts the Organization for Economic Cooperation and Development’s authorized approach for transfer pricing of branches. Transfer pricing refers to the way multinational corporations value transactions between related enterprises across borders for tax purposes.

  • The move is another step in aligning the Irish tax code with new international norms, the Ministry of Finance said. Ireland had indicated in January that the bill would include the authorized OECD approach. ...

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