Revenue eBrief No. 89/18
15 May 2018
Peer to peer lending: Withholding Tax obligations under Section 246 Taxes Consolidation Act 1997
A new Tax and Duty Manual Part 08-03-05 has been created to provide guidance on:
- the Withholding Tax obligations, under the provisions of Section 246 TCA 1997, of companies paying interest on finance raised through peer to peer lending or crowd funding
- the taxation treatment of interest earned by a company or individual lending to companies or non-residents through peer to peer lending or crowd funding.