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Irish Bilateral APAs Will Never Last More Than Five Years

by Mary Swire, Tax-News.com, Hong Kong

30 September 2016


The Irish Revenue has updated its guide on the bilateral advance pricing agreement program to underscore that the country will review its tax rulings every five years.

Existing guidance states that a granted APA will last for between three to five years. Revenue has now added that under no circumstances will a bilateral advancing pricing agreement be granted for a period of more than five years.

The policy follows shortly after the European Commission's ruling against Ireland's tax rulings for Apple and was announced by Finance Minister Michael Noonan in September before the lower house of Parliament.

TAGS: Finance | tax | investment | business | European Commission | Ireland | tax avoidance | revenue guidance | law | tax authority | agreements | multinationals | legislation | tax planning | transfer pricing | advance pricing agreement (APA) | tax reform | trade | Europe

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