Oireachtas Joint and Select Committees
Wednesday, 27 November 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance (No. 2) Bill 2013: Committee Stage (Resumed)
10:00 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
Where withholding tax is applied, the recipient gets a refund. With companies that are closely related as I have described, it is not necessary to apply the withholding tax to a transfer between related companies because the tax liability gets sorted at the end anyway. So it is a technical administrative issue.
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