Taxes Consolidation Act 1997 section 60

Interpretation (Chapter 2)

Section 60 defines key terms used in the Chapter dealing with the taxation of foreign dividends, that is, interest, dividends and other annual payments from stocks, shares or securities of non-resident bodies.

• "Foreign dividends" means any interest, dividends or other annual payments payable out of or in respect of the stocks, funds, shares or securities of any body of persons not resident in the State.
• The term does not include payments from which Irish income tax at the standard rate has been deducted at source under section 237 or section 238.
• "Banker" is broadly defined and includes any person acting as a banker.
• References to "coupons" include warrants for, or bills of exchange purporting to be drawn or made in payment of, those dividends.