Ireland has agreed with Apple a tax-repayment plan worth 13 billion euros ($15.9 billion) following orders from the European Commission.
Photo: REUTERS/Mike Segar
The money will come from the company in separate tranches, starting from the second quarter of this year, and it is expected those back taxes will be paid in full by September, the Irish Finance Ministry Paschal Donohoe said.
The European Commission concluded in August 2016 that Ireland granted undue tax benefits to Apple.
Apple and the Irish authorities protested the decision of the European Commission until the end of last year, but in December a preliminary agreement was reached on the beginning of payments. Both Apple and Dublin are appealing against decision of the European Commission, awaiting the appeal to begin in the autumn this year.