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Change year: 2010

Section 129 Irish resident company distributions not generally chargeable to corporation tax

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Except where otherwise provided by the Corporation Tax Acts, corporation tax shall not be chargeable on dividends and other distributions of a company resident in the State, nor shall any such dividends or distributions be taken into account in computing income for corporation tax.

Is my company liable for tax on income from distributions?

As a company, you are not liable to corporation tax on distributions received from Irish resident companies (franked investment income)....

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