Apple has paid €1.5 billion into an escrow account set up by the Government to hold €13 billion in disputed taxes, said Minister for Finance Paschal Donohoe.
This is the first of a series of payments, with the expectation that the remaining tranches will flow into the fund during the second and third quarters of the year as previously outlined.
Amundi, BlackRock Investment Management and Goldman Sachs Asset Management will manage the more than €13 billion in disputed taxes Brussels has ordered the Government to collect from Apple.
The European Commission ruled in August 2016 that Apple had received unfair tax incentives from Ireland.
Last October, the commission said it was taking the country to the European Court of Justice over delays in recovering the money.
Both Apple and the Government are appealing the original ruling, saying the iPhone maker's tax treatment was in line with Irish and European Union law.
"There will be no further official comment on collection of the alleged State aid until the full recovery has been effected which is expected by the end of third quarter of 2018," the minister said.
