On 11 March 2016, Irish Revenue Assistant Secretary Eamonn O’Dea announced that Ireland's Office of the Revenue Commissioners is in the process of finalizing plans for the implementation of a formal bilateral advanced pricing agreement (APA) program. Once finalized, the program will provide for bilateral APAs with terms of three to five years.
In the past, the Irish Revenue Commissioners have generally been willing to enter into APAs on an ad-hoc basis where treaty partners are involved. How…