Irish Revenue has published an updated version of its FAQ on Country-by-Country (CbC) reporting. The main additional areas covered by the FAQ are as follows.
Voluntary filing
Where an MNE group's ultimate parent is resident in jurisdiction that has not implemented CbC reporting requirements from 1 January 2016, but such jurisdiction accepts voluntary filing (like the U.S. plans to), Ireland will not require a local constituent entity to file a CbC report if the following conditions are met…