Oireachtas Joint and Select Committees
Tuesday, 15 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
2:00 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. So as long as the profits remain within the fund and are undistributed, the withholding tax will apply. It will apply to any distribution out of the fund. Is that correct?
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