Revenue eBrief 252/23 – Payment and receipt of interest and royalties without deduction of Income Tax


Revenue eBrief No. 252/23

29 November 2023

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

The Tax and Duty Manual 08-03-06 has been updated:

  • to provide guidance in respect of the application of interest withholding tax to interest paid to Irish partnerships and foreign tax transparent entities, see section 5.3, and
  • to refer to the European Stability Mechanism (ESM) and the ESM acting through a subsidiary body or sub-entity in section 8 ‘Payments to certain statutorily tax-exempt bodies’.

In addition, instructions on how to report availing of the practice in section 9 for Form CT1 2021 and Form 11 2021 have been deleted.

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