Corporation Tax Act, 1976
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Distributions made before 6th April, 1976. |
92.—(1) Where on or after the 27th day of November, 1975, and before the 6th day of April, 1976, a distribution is made by a company which is resident in the State, such distribution, for the purposes of sections 83, 88 and 90, shall be deemed to have been made on the 6th day of April, 1976: | |
Provided that “distribution” in this section shall be deemed not to include a dividend from which income tax was deducted or a dividend from which income tax was not deducted by virtue of section 387 or 410 of the Income Tax Act, 1967 . | ||
(2) This section shall not apply to a distribution made on or after the 27th day of November, 1975, and before the 6th day of April, 1976, if— | ||
(a) it was declared by the company in general meeting before the first-mentioned date; or | ||
(b) it was declared in general meeting after the first-mentioned date but in accordance with a recommendation of the directors and the directors' decision to make that recommendation was, with the authority of the directors, publicly announced before that date; or | ||
(c) it was made in accordance with a decision of the directors, and that decision was, with their authority, publicly announced before the first-mentioned date. |