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

Apr 20, 2020

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.