Taxes Consolidation Act 1997 section 898J

Exchange of information between Member States

Section 898J authorises the Revenue Commissioners to exchange information on interest payments with the competent authorities of other EU Member States and relevant territories.

• Revenue may communicate return information on beneficial owners of interest payments to the competent authority where the beneficial owner is resident.
• Revenue may similarly communicate return information on residual entities to the competent authority where the residual entity is resident.
• All such information must be communicated within 6 months of the end of the tax year in which the interest payment is made.
• The EU Savings Directive was repealed with effect from 1 January 2016 and replaced by the mandatory automatic exchange of information regime under Directive 2014/107/EU (see section 891G).