Irish Revenue Updates Guidance on Pillar Two in Relation to Prior Year Adjustments and References to OECD Administrative Guidance

Irish Revenue has issued eBrief No. 125/26 concerning updates to Tax and Duty Manual Part 04A-01-02 (Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups in the Union).

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Revenue eBrief No. 125/26 Guidance on Pillar Two

Tax and Duty Manual Part 04A-01-02 (Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups in the Union) provides guidance in relation to the operation of the Pillar Two rule…