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National Pensions Reserve Fund Act, 2000

PART VI

Amendment of Taxes Consolidation Act, 1997

Taxation.

30.—The Taxes Consolidation Act, 1997 , is amended—

(a) in section 172A(1)(a), by the substitution of the following for subparagraph (i) of the definition of “relevant distribution”:

(i) a distribution within the meaning of paragraph 1 of Schedule F in section 20(1), other than such a distribution made to—

(I) a Minister of the Government in his or her capacity as such Minister, or

(II) the National Pensions Reserve Fund Commission,

and”,

(b) by the insertion, after section 230, of the following section:

“National Pensions Reserve Fund Commission.

230A.—Notwithstanding any provision of the Corporation Tax Acts, profits arising to the National Pensions Reserve Fund Commission shall be exempt from corporation tax.”,

(c) in section 256(1), in paragraph (a) of the definition of “relevant deposit”, by the insertion, after subparagraph (iii), of the following:

“(iiia) the National Pensions Reserve Fund Commission,

(iiib) the State acting through the National Pensions Reserve Fund Commission,”,

(d) in Schedule 13, by the insertion, after paragraph 103, of the following:

“104. The National Pensions Reserve Fund Commission.”,

and

(e) in Schedule 15, in Part 1, by the insertion, after paragraph 33, of the following:

“34. The National Pensions Reserve Fund Commission.”.