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Dividend withholding tax.
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38.— (1) The Principal Act is amended—
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(a) In section 172A(1)(a)—
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(i) by inserting the following after the definition of “dividend withholding tax”:
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“ ‘ electronic dividend voucher ’ means a statement in electronic format that satisfies the requirements of section 172I(1A)(a);
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‘ electronic number ’ means a unique number on an electronic dividend voucher;”,
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(ii) by inserting the following after the definition of “intermediary”:
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“ ‘ ISI Number ’, in relation to a security issued by a company, means that security’s unique International Securities Identification Number (ISIN) issued by the Irish Stock Exchange Limited or by an equivalent authority in a relevant territory;”,
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and
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(iii) by inserting the following after the definition of “qualifying savings manager”:
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“ ‘ recipient ID code ’, in relation to the recipient of a dividend, means the unique code on an electronic dividend voucher that identifies that recipient;”,
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(b) in section 172D(3)(b)(iii) by substituting “is substantially and regularly traded on a stock exchange in the State, on” for “is substantially and regularly traded on”,
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(c) in section 172I by inserting the following after subsection (1):
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“(1A) A statement delivered by means of electronic communications to an intermediary shall satisfy the requirements of subsection (1) where—
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(a) the statement contains—
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(i) an ISI Number,
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(ii) a recipient ID code,
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(iii) the information referred to in paragraphs (c) to (e) of subsection (1), and
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(iv) an electronic number,
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(b) the intermediary has consented to the statement being delivered by means of electronic communications and has not withdrawn that consent, and
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(c) the Revenue Commissioners have agreed to accept the statement for the purposes of this Chapter.”,
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(d) in section 172J(3) by substituting “Where, in a year of assessment or in an accounting period of a company (as appropriate),” for “Where”, and
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(e) in paragraph 9(f)(iii) of Schedule 2A, by substituting “is substantially and regularly traded on a stock exchange in the State, on” for “is substantially and regularly traded on”.
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(2) (a) Paragraphs (a), (b), (c) and (e) of subsection (1) apply as respects any relevant distribution (within the meaning of section 172A of the Principal Act) made on or after 1 February 2007.
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(b) Paragraph (d) of subsection (1 applies as respects any chargeable period (within the meaning of section 321(2) of the Principal Act) ending on or after 1 February 2007.
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