Irish Revenue has issued eBrief No. 37/21 concerning updated guidance on transfer pricing, which takes into account changes introduced by Finance Act 2019 with effect from 1 January 2020. The changes substantially expanded and updated Ireland's transfer pricing legislation by substituting a new Part 35A of the Taxes Consolidation Act 1997. As provided in the updated Tax and Duty Manual Part 35A-01-01 - Transfer Pricing, key changes include:
- Part 35A is to be construed, as far as practicabl…