Patent royalties
02/11/1993
Query
Can a company pay Patent Royalties without the deduction of Withholding Tax?
Decision
Yes, provided the Royalties are 'income from a qualifying Patent', as defined in S.234 TCA 1997, and the tax affairs of all parties are at all times up to date.
Corporation Tax
Section 234, Taxes Consolidation Act, 1997
Origin: Direct Taxes Interpretation & International
File ref:IR10407/1729/1993