The Income Tax Act, 1967 (No. 6 of 1967)
1. The Income Tax Act, 1967, is hereby amended in accordance with the following provisions of this paragraph.
(1) In section 1(1), after the definition of "the National Debt Commissioners" there shall be inserted the following:
" ‘ordinary share capital’ has the same meaning as in section 155 of the Corporation Tax Act, 1976;".
(2) In section 58(1), for "sections 59 and 60" there shall be substituted "sections 58A, 59 and 60".
(3) In section 61, after "charged" there shall be inserted "to tax under Case I or Case II of Schedule D".
(4) In section 76(1), for paragraph (c) there shall be substituted the following:
"(c) to a deduction on account of any annuity or other annual payment (apart from annual interest) payable out of the income to a person not resident in the State,".
(5) In section 77(5), for "as if references therein to income which arises or which arose were references to income which is or was so received" there shall
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