129 Irish resident company distributions not generally chargeable to corporation tax

In general, corporation tax is not charged on dividends and other distributions made by a company resident in the State and such dividends and distributions are not taken into account in computing income for corporation tax purposes. The exceptions to this general rule enable dividends and other distributions to be taken into account in computing the income of life insurance companies – see sections 714 (life business: computation of profits), 717 (pension business) and 726 (foreign life assurance companies: investment income).

Relevant Date: Finance Act 2019