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Version date: 31 March 2006 - onwards
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46. Treatment of certain dividends.

(1) Schedule 2 to the Principal Act is amended in Part 5 by inserting the following after paragraph 27:

"28. Notwithstanding paragraph 23, when any interest, dividends or other annual payments payable out of any public revenue other than that of the State, or in respect of the stocks, funds, shares or securities of any body of persons not resident in the State, are entrusted to any person in the State for payment to an investment undertaking within the meaning of section 739B and the person so entrusted would, apart from this paragraph, have an obligation imposed by section 17 and Chapter 1 of Part 3, or Chapter 2 of Part 4 and this Schedule, to pay the income tax on such interest, dividends or other annual payments, that obligation shall not apply.".

(2) This section applies as respects any payments on or after the date of the passing of this Act.

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