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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.

[CTA76 s2]

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.