Revenue eBrief No. 221/22

Revenue eBrief No. 221/22

22 December 2022

Payment and receipt of interest and royalties without deduction of income tax

Tax and Duty Manual Part 08-03-06 – Payment and Receipt of Interest and Royalties without Deduction of Income Tax – has been updated to:

  • clarify Revenue’s interpretation of the meaning of bona fide banking business in the State, and
  • modify, in certain circumstances, the Self-Certification process in relation to the application of withholding tax on certain payments of interest and royalties at the applicable DTA rate under the terms of a double taxation agreement.

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