Taxes Consolidation Act, 1997 (Number 39 of 1997)
Company Distributions, Tax Credits, Franked Investment Income and Advance Corporation Tax
Taxation of company distributions
129 Irish resident company distributions not generally chargeable to corporation tax.
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.