First Previous (CHAPTER 5 Miscellaneous charging provisions) Next (CHAPTER 2 Meaning of distribution)

39 1997

TAXES CONSOLIDATION ACT, 1997

PART 6

Company Distributions, Tax Credits, Franked Investment Income and Advance Corporation Tax

CHAPTER 1

Taxation of company distributions

Irish resident company distributions not generally chargeable to corporation tax.

[CTA76 s2]

129. —Except where otherwise provided by the Corporation Tax Acts, corporation tax shall not be chargeable on dividends and other distributions of a company resident in the State, nor shall any such dividends or distributions be taken into account in computing income for corporation tax.