asked the Minister for Finance whether all or any of the foreign shipping companies or combines (registered or unregistered) using Saorstát ports, and having business premises, offices, stores, wharfage accommodation and other necessary facilities on long leases from Port or other Authorities in the Saorstát, pay Income Tax (Property, Profits, etc.), Corporation Profits Tax, or other tax or revenue to the Saorstát. and, if so, to what extent.
CEISTEANNA—QUESTIONS. ORAL ANSWERS. - FOREIGN SHIPPING COMPANIES AND TAXES.
Foreign shipowners having business premises, etc., in the Saorstát are assessed to income tax in the ordinary course on the profits arising from the trade carried on by them in the Saorstát, and where the shipowner is a limited liability company its Saorstát profits would normally be chargeable to corporation profits tax if of sufficient amount. Income tax, Schedule A (Property Tax) is payable on all premises in the Saorstát liable to such tax, whether the lessee or owner is a foreigner or not. Companies controlled in Great Britain or Northern Ireland, and individuals resident in Great Britain or Northern Ireland, but not resident in the Saorstát are, of course, entitled to claim exemption from Saorstát income tax (all schedules) in accordance with the reciprocal agreement of the 14th April, 1926, in respect of double income tax (Finance Act, 1926, First Schedule).