Ireland’s Transfer Pricing Rules - Documentation Requirements

The Irish Revenue Commissioners (“Revenue”) published updated transfer pricing guidance in February 2021 (the “Guidance”), which includes an overview on the enhanced transfer pricing documentation requirements which apply for chargeable periods commencing on or after 1 January 2020. The Guidance follows updated OECD Guidelines published in July 2017 which includes further information on the transfer pricing documentation requirements (the “OECD Guidelines”). This article provides a summary of the enhanced documentation requirements envisaged by the Guidance.