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Taxes Consolidation Act, 1997 (Number 39 of 1997)


195B Exemption in respect of certain expense payments for relevant directors

(1) In this section—

company” has the same meaning as it has in section 4;

director” has the same meaning as it has in section 770;

expenses” means vouched expenses;

relevant director”, in relation to a company, means a director who is not resident in the State and is a non-executive director of that company;

relevant meeting” means a meeting attended by a relevant director in his or her capacity as a director for the purposes of the conduct of the affairs of the company;

travel” means travel by car, motorcycle, taxi, bus, rail, boat or aircraft.

(2) This section applies to payments made by a company to or on behalf of a relevant director of that company in respect of expenses of travel and subsistence incurred by the relevant director, on and from 1 January 2016, solely for the purpose of the attendance by him or her at a relevant meeting.

(3) So much of a payment to which this section applies shall be exempt from income tax and shall not be reckoned in computing income for the purposes of the Income Tax Acts.




Inserted by FA15 s6. Comes into operation on 1 January 2016.