S.I. No. 15/1995 - Interest on Quoted Eurobonds (Designation of Recognised Clearing Systems) Order, 1995. Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
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- s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 1995 S.I. No. 15/1995 - Interest on Quoted Eurobonds (Designation of Recognised Clearing Systems) Order, 1995. S.I. No. 15/1995 - Interest on Quoted Eurobonds (Designation of Recognised Clearing Systems) Order, 1995. AmendmentsLeasuithe S.I. No. 15 of 1995. INTEREST ON QUOTED EUROBONDS (DESIGNATION OF RECOGNISED CLEARING SYSTEMS) ORDER, 1995. The Revenue Commissioners, in exercise of the powers conferred on them by subsection
(1)of section 462A (as inserted by section 15 of the Finance Act, 1994 (No. 13 of 1994)) of the Income Tax Act, 1967 (No. 6 of 1967), hereby make the following order:
- This Order may be cited as the Interest on Quoted Eurobonds (Designation of Recognised Clearing Systems) Order,
- The following systems for clearing quoted Eurobonds or relevant foreign securities are hereby designated as recognised clearing systems for the purposes of section 462A (as inserted by section 15 of the Finance Act, 1994 (No. 13 of 1994)) of the Income Tax Act, 1967 (No. 6 of 1967) in so far as they relate to quoted Eurobonds: ( a ) Cedel Bank S.A., and ( b ) The Euroclear System which is operated by the Brussels Office of Morgan Guaranty Trust Company of New York. GIVEN this 27th day of January,
- D. B. QUIGLEY, Revenue Commissioner. EXPLANATORY NOTE. Section 15 of the Finance Act, 1994 , inserted a new section in the Income Tax Act, 1967 , which provides for the payment of interest on quoted bearer Eurobonds without deduction of tax in certain circumstances. It provides that interest may be paid without deduction of tax where the paying company or agent is not in the State or, where they are in the State, if the bonds are held in a "recognised clearing system" or the beneficial owner is not resident in the State. The term "recognised clearing system" means any system for clearing quoted Eurobonds or relevant foreign securities which is designated by order of the Revenue Commissioners. This order designates as recognised clearing systems: ( a ) Cedel Bank S.A., and ( b ) The Euroclear System which is operated by the Brussels Office of Morgan Guaranty Trust Company of New York. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais