Financial Resolution No. 10: Income Tax

(1) THAT, as respects any payment or crediting of relevant interest (within the meaning of Chapter 4 of Part 8 of the Taxes Consolidation Act 1997 (No. 39 of 1997)) made on or after 1 January 2013, the definition of “appropriate tax” in section 256(1) of the Taxes Consolidation Act 1997 be amended—
(a) in paragraph (a) by substituting “33 per cent” for “30 per cent”,
(b) in paragraph (b) by substituting “33 per cent” for “30 per cent”, and
(c) in paragraph (c) by substituting “36 per cent” for “33 per cent”.
(2) THAT, as respects any dividend paid or credited to a special share account or a special term share account (within the meaning of Chapter 5 of Part 8 of the Taxes Consolidation Act 1997) section 267B of the Taxes Consolidation Act 1997 be amended in respect of dividends paid or credited on or after 1 January 2013—
(a) in subsection (2)(b) by substituting “33 per cent” for “30 per cent”, and
(b) in subsection (3)(b) by substituting “33 per cent” for “30 per cent”.
(3) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).