Revenue Note for Guidance
Chapter 7 provides for the tax treatment of distributions made and received by Irish resident companies.
This section defines franked investment income and franked payments. Franked investment income consists of the amount or value of a distribution which is received by an Irish resident company from another resident company.
When an Irish resident company makes a distribution, the amount or value of the distribution is known as a franked payment.
Relevant Date: Finance Act 2021