Examples of International Financial Services Centre in a sentence
The registered office of the Company is J.P. Morgan House, International Financial Services Centre, Dublin 1, Ireland.
However, no distribution tax would be levied in respect of income distributed, on or after 1 September 2019 by a Mutual Fund located in International Financial Services Centre of which all the unit holders are non-residents and derives income in convertible foreign currency.
For the geographic analysis Ireland (excluding Northern Ireland) includes profits generated in the International Financial Services Centre.
However, the above shall not be applicable to transaction undertaken on a recognized stock exchange located in any International Financial Services Centre and where the consideration for such transaction is paid or payable in foreign currency.
The Finance Act, 2016 provides that with effect from April 1, 2017, the condition with respect to payment of STT would not apply to a transaction undertaken on a recognised stock exchange located in any International Financial Services Centre and where the consideration is paid / payable in foreign currency.
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Irish Listing Agent: A&L Listing Limited of International Financial Services Centre, North Wall Quay, Dublin 1, Ireland.
Long term capital gains arising on transaction undertaken on a recognized stock exchange located in any International Financial Services Centre and consideration is paid or payable in foreign currency, where STT is not chargeable, will also be taxed at a rate of 10%.
However, MAT is levied at the rate of 9% (plus surcharge and cess as applicable) in case of a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange.
As per the Finance Act 2016 and amendment to the Finance (No.2) Act 2004, it is proposed that w.e.f. 1st April 2016, any income arising from the transfer of a long term capital asset being a unit of an equity oriented scheme undertaken on a recognised stock exchange located in any International Financial Services Centre and where the consideration for such transaction is paid or payable in foreign currency shall not be subject to STT.