TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Tax treatment of royalty income the Ireland-Lithuania Double Taxation Convention

Revenue has published Tax and Duty Manual Part 35-01-12 to provide details on the revised tax treatment of royalty income, with effect from 1 January 2019, under Ireland’s Double Tax Convention (DTC) with Lithuania. The DTC contains a provision whereby the tax treatment of royalty income may be revised if more favourable terms are subsequently agreed by Lithuania with another OECD country. Lithuania has recently agreed such terms with Japan and those terms are now to apply to the Ireland-Lithuania DTC with effect from 1 January 2019.