For the purposes of assisting the prevention and detection of tax evasion, by means of the exchange of information between the Revenue Commissioners and the tax authorities of certain other territories, the Principal Act is amended -

(a) in section 826 by the substitution for subsection (1) of the following:

"(1) Where the Government by order declare that arrangements specified in the order have been made with the government of any territory outside the State in relation to -

(a) affording relief from double taxation in respect of -

(i) income tax;

(ii) corporation tax in respect of income and chargeable gains;

(iii) any taxes of a similar character imposed by the laws of the State or by the laws of that territory,

or

(b) exchanging information for the purposes of the prevention and detection of tax evasion in respect of the taxes specified in paragraph (a),

and that it is expedient that those arrangements should have the force of law, then, subject to this section and section 835, the arrangements shall, notwithstanding any enactment, have the force of law.",

and

(b) by inserting the following after section 912:

"912A. Information for tax authorities in other territories.