Irish Revenue has released eBrief No. 210/24, on 6 August 2024, which provides updated guidance on information exchange.

The Guide to Exchange of Information under Council Directive 2011/16/EU, Ireland’s Double Taxation Agreements and Tax Information Exchange Agreements and the OECD/Council of Europe Convention on Mutual Administrative Assistance in Tax Matters has been updated as follows:

  • Further information on the role of a Competent Authority in initiating the exchange of information has been added.
  • References to Council Directive 2011/16/EU have been updated to reflect amendments to that Directive, including amendments under Council Directive (EU) 2021/514 (DAC7), as transposed by section 81 of Finance Act 2022 and S.I. 705/2022. These include the role of Platform Operators in section 3.8 and the purposes for which information exchanged may be used.
  • The jurisdictions with which Ireland automatically exchanges information have been updated in Annex I.