Irish-registered tech firm wins €4.98m battle with the Revenue

It follows the Tax Appeals Commission upholding the firm’s appeal against the Revenue Commissioners’ assessment for the years 2010 to 2016

The firm treated €27.82m in certain foreign royalty withholding Tax incurred during the course of business in several overseas jurisdictions as a deductive expense on its corporation tax bill.

A tech firm has won a €4.98m corporation tax battle with the Revenue Commissioners in a dispute centred around royalty withholding tax.

This follows the Tax Appeals Commission upholding the firm’s appeal against the Revenue Commissioners’ assessment for the years 2010 to 2016.