Ireland Tax Agency Updates Guidance on Implementing EU, OECD Exchange of Information Requirements for Tax Rulings

The Irish Revenue Commissioners Sept. 7 issued Revenue eBrief No. 167/22, and updated guidance on the agency’s implementation of EU and OECD exchange of information requirements for tax rulings. Updates include the addition of Mauritania, Samoa, and Togo to the list of jurisdictions covered by the OECD framework with which Ireland has legal grounds to spontaneously exchange information. Topics covered also include: 1) the definitions of “advance cross-border ruling,” “cross-border transaction,” and “APA;" 2) the information to be exchanged on rulings under the OECD framework, and under EU Directives 2015/2376 and 2011/16/EU on the mandatory automatic exchange of information in ...