This document summarizes key aspects of Ireland's transfer pricing laws and regulations:
1. The primary transfer pricing legislation is Part 35A of the Taxes Consolidation Act 1997, which incorporates the OECD Transfer Pricing Guidelines. The Revenue Commissioners are responsible for enforcing the transfer pricing rules.
2. The transfer pricing rules apply to transactions between associated enterprises, both domestic and cross-border, involving trade in goods, services, money or intangibles. Acceptable transfer pricing methods include those outlined in the OECD Guidelines.
3. Ireland has participated fully in the OECD's BEPS project and has begun implementing recommendations such as country-by-country reporting and following the updated OECD Guidelines