(1) Section 128 of the Principal Act is amended -
(a) in subsection (1), by inserting the following in paragraph (a) before the definition of "company":
"'branch or agency' has the same meaning as in section 4;",
(b) in subsection (11), by substituting "31 March" for "30 June", and
(c) by substituting the following for subsection (11A) (inserted by the Finance Act, 2000):
"(12) Where in relation to any right -
(a) the person referred to in subsection (11) is not resident in the State, and
(b) the person who obtains the right is a director or employee of a company which is either -
(i) resident in the State, or
(ii) not resident in the State but carries on a trade, profession or vocation in the State through a branch or agency in which the director or employee is employed,
subsection (11) shall, as regards a company referred to in paragraph (b) (i) apply to the company, and, as regards a company referred to in paragraph (b) (ii) apply to its agent, manager, factor or other representati
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