Irish Revenue has published eBrief No. 061/20 on the activation of the MFN clause with respect to royalty income under the 1997 tax treaty with Lithuania. As a result, royalties are exempt with effect from 1 January 2019 and the definition of royalties is amended. The eBrief and the revised tax treatment are as follows.

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Revenue eBrief No. 061/20

Revised tax treatment of royalty income,…