On 24 November 2017, the Irish Revenue published an eBrief No. 107/17 update stating that “Due to the late availability of the Country-by-Country (CbC) Reporting filing facility, it will remain open for, and accept, CbC Reports for fiscal years ending in 2016 up to 28 February 2018”. This will allow large multinational enterprises (MNEs) to file their CbC Reports and to meet their reporting obligations.
The first CbC Reports are due to be filed by relevant taxpayers in Ireland by 31 December 2017. An electronic CbC Reporting filing system has been developed by Revenue and the system includes a standard validation module that is being provided by the EU Commission. However, due to late changes to the CbC Reporting schema, the final version of the validation module is not yet available.
As a result, there will be a delay in Revenue making the CbC Reporting filing system available. It is expected that the tested version of the validation module will be received in mid-December and integrated with the Revenue system shortly thereafter.
