Ireland's Department of Finance has launched a public consultation on amendments to the country's transfer pricing regime to bring it in line with international best practices developed by the OECD. This includes:
- Incorporation of the OECD 2017 Transfer Pricing Guidelines into Irish legislation;
- Removal of the domestic transfer pricing exemption (grandfathering) for pre-July 2010 arrangements with effect from 1 January 2020;
- Extension of the transfer pricing rules to SMEs from 1 January 20…