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Taxes Consolidation Act, 1997 (Number 39 of 1997)

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172FA Recognised qualifying intermediaries

(1) For the purposes of this Chapter, a person shall be a recognised qualifying intermediary if the person is—

(a) a qualifying intermediary that is also a recognised clearing system, within the meaning of section 246A(2)(a), or

(b) a qualifying intermediary that is also a person who is wholly owned by a recognised clearing system, within the meaning of section 246A(2)(a).

(2) A recognised qualifying intermediary may receive relevant distributions without the deduction of dividend withholding tax and pay those relevant distributions without the deduction of dividend withholding tax to another recognised qualifying intermediary or to an authorised withholding agent so long as the recognised qualifying intermediary has obtained a notice in writing from the authorised withholding agent or the other recognised qualifying intermediary, that it is an authorised withholding agent or a recognised qualifying intermediary, as the case may be, in relation to those distributions.

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Inserted by FA20 s62(1)(b). Comes into operation on such day as the Minister for Finance may appoint by order.