According to The Wall Street Journal, Irish Finance Minister Pascal Donohoe was expecting the money to begin flowing from Apple to the fund in the first quarter of 2018 after the tender was put out to decide who would operate the account and manage the fund.
Apple was ordered to repay the massive amount after the EU said it had found that a number of deals the company cut to do business in Ireland were illegal.
At the time, EU competition commissioner Margrethe Vestager said Apple's "selective treatment" in Ireland resulted in an effective tax rate of 1% on its European profits in 2003. This rate fell to 0.005% by 2014.
"Member states cannot give tax benefits to selected companies – this is illegal under EU state aid rules. The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years."
In October, the EU warned Ireland that it would be issued a non-compliance action for not taking action to collect the money, which was initially due by 3 January.
The WSJ quoted Apple as saying in a statement: "We have a dedicated team working diligently and expeditiously with Ireland on the process the European Commission has mandated. We remain confident the General Court of the EU will overturn the Commission’s decision once it has reviewed all the evidence.”
The EU launched its investigation into Apple's tax arrangements in Ireland in 2014.
Graphic: courtesy European Union