(a) In this section -
'arrangements' means arrangements having the force of law by virtue of section 826(1) or arrangements made with the government of a territory which on completion of the procedures set out in section 826(1) will have the force of law;
'relevant territory' means -
(i) a Member State of the European Communities other than the State, or
(ii) not being such a Member State, a territory with the government of which arrangements have been made;
'tax', in relation to a relevant territory, means any tax imposed in that territory which corresponds to corporation tax in the State.
(b) For the purposes of this section, a company shall be regarded as being a resident of a relevant territory if -
(i) in a case where the relevant territory is a territory with the government of which arrangements have been made and have effect in accordance with the provisions of those arrangements, the company is regarded as being a resident of that territory under those arrangements, and
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