Small and medium companies should not be subject to transfer pricing, says CCAB-I submission

Apr 08, 2019

In its response to the Department of Finance’s consultation on transfer pricing rules in Ireland, the CCAB-I oppose the extension of transfer pricing obligations to small and medium size enterprises as it would result in a disproportionate compliance burden.

The CCAB-I’s submission notes that the alignment of Ireland’s transfer pricing laws with the OECD’s 2017 revised transfer pricing guidelines is an important statement of Ireland’s commitment to operating a fair and substance based tax regime. The CCAB-I also calls for increased resources to be made available to Revenue to deal efficiently with Ireland’s own domestic transfer pricing regime, along with international tax treaty dispute resolution work and to develop transfer pricing guidance through consultations with taxpayers and the OECD.