Income Tax Act, 1967.

Agreement with Canada.

360.—(1) The confirmation, by section 14 of the Finance Act, 1955 , of the Agreement set forth in Schedule 9 and concluded on the 28th day of October, 1954, between the Government of Ireland and the Government of Canada is not affected by the repeal, by this Act, of the said section 14.

(2) For the purpose of giving effect to the Agreement the provisions set forth in Schedule 10 shall have effect.

(3) The Revenue Commissioners may from time to time make regulations in relation to the granting of the reliefs specified in the Agreement and may, in particular, by those regulations provide—

(a) for securing that no such reliefs from taxation imposed by the laws of Canada as are provided for in the Agreement shall enure to the benefit of persons not entitled thereto, and

(b) for authorising, in cases where tax deductible from any periodical payment has, in order to comply with the terms of the Agreement, not been deducted and it is discovered that the Agreement does not apply to that payment, the recovery of the tax by assessment on the person entitled to the payment or by deduction from subsequent payments.