Irish Revenue released eBrief No. 260/24 regarding updated guidance on Revenue Arrangements for Implementing EU and OECD Exchange of Information Requirements in Respect of Tax Rulings Part 35-00-01 on 21 October 2024.
Section 1.1: Updated to reflect changes introduced in Council Directive (EU) 2023/2226 (DAC8), that will bring individuals into scope for exchange.
Section 3.1 and section 4.1: Updated to clarify spontaneous exchange of information for rulings.
Section 3.8: References to Council Directive 2011/16/EU (the DAC) have been updated to reflect amendments under Council Directive (EU) 2023/2226 (DAC8). This includes updates to the allowable use of information in line with Article 16 of the DAC.
Section 3.8: Updated to outline the allowable use of information under the OECD framework.
Annex 3: Updates to the list of jurisdictions covered by the OECD framework with which Ireland has a legal basis to spontaneously exchange information with.
