Taxes Consolidation Act 1997 section 898L

Certificate for the purposes of Article 13.2 of the Directive

Section 898L provided for the issue by Revenue of certificates to Irish-resident individuals, enabling them to receive interest payments from paying agents in withholding tax countries without deduction of tax.

• An Irish-resident individual could apply to Revenue for a certificate by supplying details of themselves, their paying agent and the relevant asset generating interest payments.
• Revenue was required to issue the certificate within two months of receiving the application, containing the applicant's name, address and PPS number, the paying agent's details and the account or asset identification.
• The certificate was valid for three years from its date of issue or until any of the information in it became inaccurate, whichever occurred first.
• The EU Savings Directive under which these certificates operated was repealed with effect from 1 January 2016, and the anti-evasion measures are now contained in Directive 2014/107/EU on mandatory automatic exchange of information (see section 891G).