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Amendment of section 246 (interest payments by companies and to non-residents) of Principal Act.
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66.—(1) Section 246 of the Principal Act is amended—
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(a) in subsection (1) by the substitution in the definition of “relevant territory” of “made;” for “made,” and by the insertion of the following definition after that definition:
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“ ‘tax’, in relation to a relevant territory, means any tax imposed in such territory which corresponds to income tax or corporation tax in the State.”,
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and
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(b) in subsection (3)(h) by the substitution of “which, by virtue of the law of a relevant territory, is resident for the purposes of tax in the relevant territory,” for “resident in a relevant territory”.
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(2) This section shall apply as on and from 10 February 2000.
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