Income Tax Act, 1967.


Irish Dividends, etc.

Chapter I

General Provisions as to Dividends

Deductions of tax from dividends.

456.—The profits or gains to be charged on any body of persons shall be computed in accordance with the provisions of this Act on the full amount of the same before any dividend thereof is made in respect of any share, right or title thereto, and the body of persons paying such dividend shall be entitled to deduct the tax appropriate thereto.