Ireland Updates Guidance On Tax Ruling Info Exchange

The Irish tax agency has updated its guidance on the automatic exchange of information on tax rulings between EU member states.

Changes have been made to the Tax and Duty Manual to set out Revenue’s arrangements for implementing Council Directive (EU) 2015/2376 and the OECD’s framework for the compulsory spontaneous exchange of information in respect of rulings, which was proposed as part of Action 5 of the base erosion and profit shifting project.

Among other changes, annex three of the Manual has been updated with a list of countries with which Ireland can spontaneously exchange tax information. It now includes those countries that have recently signed up to the BEPS project inclusive framework. The technical changes to the Manual are set out in new eBrief No. 12/17.