Irish Revenue’s Transfer Pricing Compliance Review Programme
The Irish Revenue on November 26 issued guidance for its proposed Transfer Pricing Compliance Review (TPCR) Program.
The TPCR program allows authorized officers from the Irish Revenue to send out notifications to selected taxpayers inviting them to self-review their transfer pricing and report back to the Irish Revenue within three months. The review will be for a particular accounting period and will address specific aspects of the taxpayer’s transfer pricing including the Group structure, details of transactions by type including the associated companies involved, and the transfer pricing method applied for each transaction or group of transactions. For more please refer to our article from the Arm’s Length Standard.