Revenue has updated the Tax and Duty Manual which details Revenue’s arrangements for implementing EU and OECD exchange of information requirements In respect of tax rulings.
The guidance has been updated to:
- reflect the DAC8 changes that will bring individuals into scope (section 1.1),
- clarify spontaneous exchange of information for rulings (sections 3.1 and 4.1), and
- reflect amendments under DAC8, including updates to the allowable use of information in line with Article 16 DAC (section 3.8).
The updated list of jurisdictions covered by the OECD framework with which Ireland has a legal basis to spontaneously exchange information with is contained in Annex 3.
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