Examples of the 1997 Act in a sentence
However, an exemption from withholding on interest payments exists under Section 64 of the Taxes Consolidation Act, 1997 (the 1997 Act) for certain interest bearing securities (quoted Eurobonds) issued by a body corporate (such as the Issuer) which are quoted on a recognised stock exchange (which would include the GEM).
Division 230 of the 1997 Act contains the final stages of the taxation of financial arrangements (“TOFA”) reforms.
The 1936 Act provisions continue to apply until 30 June 2007; the 1997 Act provisions become effective on 1 July 2007.
High rainfall is unfavorable to the cultivation of crops which require dry months to generate water stress, which will trigger flowering and/or fruit development following dry months.
This is because there should be no “net forgiven amount” in respect of such a commercial debt forgiveness to be applied against the tax attributes of such an investor, due to the operation of the special rule that applies to non-recourse debts in section 245-60 of the 1997 Act.