13 December 2016 Ireland's Country-by-Country reporting notification deadline is December 31, 2016 Ireland's new Country-by-Country (CbC) reporting requirements took effect on January 1, 2016. The Irish CbC requirements require certain Irish parented groups, and in specific instances, domestic subsidiaries of foreign parented groups, to report data on revenues, profits, taxes paid/accrued, employee numbers, along with other data on a country-by-country basis for the group to the Revenue Commissioners. Groups with annual consolidated revenue in the preceding accounting period of less than €750 million will be exempt from the CbC reporting requirements. The deadline to file the CbC report with the Revenue Commissioners is 12 months from the end of the relevant accounting period. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-2120 |
