On 12 April 2016, Irish Revenue published eBrief No. 36/16 on updates to the Tax and Duty Manual concerning payment and receipt of interest without deduction of income tax.
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Revenue's Tax and Duty Manual Part 08-03-06 (PDF, 75KB), which provides guidance on when interest payments can be paid without deduction of withholding tax, as otherwise required by Section 246 TCA 1997, has been updated to:
- Confirm that no withholding tax need be operated on interest payments to the European Inve…