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Keynote Speaker: Marries de Ruiter, Head of the OECD's Tax Treaty, Transfer Pricing and Financial Transaction Division Transfer Pricing The Master Class & Global Conference The Gibson Hotel Dublin,
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Transfer pricing is the practice of setting the price for goods, services, or intellectual property transferred between related entities within a multinational company in Ireland. It involves determining the appropriate pricing to ensure fair and accurate allocation of profits between different jurisdictions.
Companies that have related entity transactions and generate taxable income in Ireland are required to file transfer pricing documentation.
To fill out transfer pricing documentation in Ireland, companies must provide detailed information about related party transactions, including a description of the controlled transactions, actual terms and conditions, comparability analysis, and transfer pricing method used.
The purpose of transfer pricing in Ireland is to prevent profit shifting and ensure that taxable profits are properly allocated between jurisdictions. It aims to ensure that transactions between related entities are conducted at arm's length and that the prices used are similar to those that would be charged between unrelated parties.
In Ireland, transfer pricing documentation should include a description of the entity's business operations, its transfer pricing policies, details of related party transactions, financial information, comparability analysis, and information on the selection of the transfer pricing method.
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