Finance Act, 2000

Amendment of section 246 (interest payments by companies and to non-residents) of Principal Act.

66.—(1) Section 246 of the Principal Act is amended—

(a) in subsection (1) by the substitution in the definition of “relevant territory” of “made;” for “made,” and by the insertion of the following definition after that definition:

“ ‘tax’, in relation to a relevant territory, means any tax imposed in such territory which corresponds to income tax or corporation tax in the State.”,


(b) in subsection (3)(h) by the substitution of “which, by virtue of the law of a relevant territory, is resident for the purposes of tax in the relevant territory,” for “resident in a relevant territory”.

(2) This section shall apply as on and from 10 February 2000.