Taxes Consolidation Act 1997 section 1004

Unremittable income

Section 1004 provides relief from tax collection where foreign income cannot be remitted to the State due to restrictions imposed by the source country.

• Where income arising outside the State cannot be remitted here because of foreign legislation or government action, Revenue may suspend collection of the related tax.
• "Particular income" means foreign income that forms part of the amount on which income tax or corporation tax is computed.
• Revenue may request whatever information they consider necessary to verify that the income genuinely cannot be remitted.
• A taxpayer who disagrees with Revenue's decision on whether income qualifies as unremittable may appeal to the Appeal Commissioners within 30 days.