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.