Ireland is at the heart of the European market and provides the ideal platform for international business growth. Many companies are setting up operations in Ireland to take advantage of its stable EU membership, as well as its skilled workforce and investment incentives.
HLB Sheehan Quinn is committed to growing businesses. Our knowledge and expertise can help you expand your footprint and build your international market presence.
Country By Country Reporting
CbC Reporting (“CbCR”) is part of Action 13 of the OECD/G20 Base Erosion and Profit Shifting (“BEPS”) Action Plan and the EU Commission’s Anti-Tax Avoidance Package. It is a new reporting obligation that requires multination entities (MNE’s) that meet certain conditions to file annually a CbC report containing high-level data on the global allocation of the MNE’s income and taxes, and certain other measures of economic activity. Ireland implemented legislation on the reporting and signed a multilateral agreement to provide an automatic exchange of the information. This was agreed with 30 other countries and was in relation to certain MNEs. The reporting requirement applies for accounting periods beginning on or after 1 January 2016.
Permanent Establishment in Ireland
A permanent establishment is an important concept in deciding if Irish corporate tax will apply to a company that is not resident in Ireland. We have set out some of the essential principles in our guide below.
How can we help
If you would like to speak to one of our partners about your business contact us today to arrange a meeting or schedule a call. We would be happy to hear from you.