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This excerpt taken from the ELN 6-K filed Mar 30, 2009. Taxation
of Capital Gains and Dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by us other than dividends paid out of exempt
patent income, will be subject to Irish withholding tax at the
standard rate of income tax in force at the time the dividend is
paid, currently 20%. An individual shareholder resident in a
country with which Ireland has a double tax treaty, which
includes the United States, or in a member state of the European
Union, other than Ireland (together, a Relevant Territory), will
be exempt from withholding tax provided he or she makes the
requisite declaration.
Corporate shareholders who: (i) are ultimately controlled
by residents of a Relevant Territory; (ii) are resident in
a Relevant Territory and are not controlled by Irish residents;
(iii) have the principal class of their shares, or of a 75%
parent, traded on a stock exchange in Ireland or in a Relevant
Territory; or (iv) are wholly owned by two or more
companies, each of whose principal class of shares is
substantially and regularly traded on one or more recognised
stock exchanges in Ireland or in a Relevant Territory or
Territories, will be exempt from withholding tax on the
production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorised by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain circumstances where an individual shareholder may have
an additional liability. A charge to Irish social security taxes
and other levies can arise for individuals. However, under the
Social Welfare Agreement between Ireland and the United States,
an individual who is liable for U.S. social security
contributions can normally claim exemption from these taxes and
levies.
This excerpt taken from the ELN 20-F filed Feb 26, 2009. Taxation
of Capital Gains and Dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by us other than dividends paid out of exempt
patent income, will be subject to Irish withholding tax at the
standard rate of income tax in force at the time the dividend is
paid, currently 20%. An individual shareholder resident in a
country with which Ireland has a double tax treaty, which
includes the United States, or in a member state of the European
Union, other than Ireland (together, a Relevant Territory), will
be exempt from withholding tax provided he or she makes the
requisite declaration.
Corporate shareholders who: (i) are ultimately
controlled by residents of a Relevant Territory; (ii) are
resident in a Relevant Territory and are not controlled by Irish
residents; (iii) have the principal class of their shares,
or of a 75% parent, traded on a stock exchange in Ireland or in
a Relevant Territory; or (iv) are wholly owned by two or
more companies, each of whose principal class of shares is
substantially and regularly traded on one or more recognized
stock exchanges in Ireland or in a Relevant Territory or
Territories, will be exempt from withholding tax on the
production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorized by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain circumstances where an individual shareholder may have
an additional liability. A charge to Irish social security taxes
and other levies can arise for individuals. However, under
Table of Contents
the Social Welfare Agreement between Ireland and the United
States, an individual who is liable for U.S. social
security contributions can normally claim exemption from these
taxes and levies.
This excerpt taken from the ELN 6-K filed Mar 31, 2008. Taxation
of Capital Gains and Dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by us other than dividends paid out of exempt
patent income, will be subject to Irish withholding tax at the
standard rate of income tax in force at the time the dividend is
paid, currently 20%. An individual shareholder resident in a
country with which Ireland has a double tax treaty, which
includes the United States, or in a member state of the European
Union, other than Ireland (together, a Relevant Territory), will
be exempt from withholding tax provided he or she makes the
requisite declaration.
Corporate shareholders who: (i) are ultimately controlled
by residents of a Relevant Territory; (ii) are resident in
a Relevant Territory and are not controlled by Irish residents;
(iii) have the principal class of their shares, or of a 75%
parent, traded on a stock exchange in a Relevant Territory; or
(iv) are wholly owned by two or more companies, each of
whose principal class of shares is substantially and regularly
traded on one or more recognised stock exchanges in a Relevant
Territory or Territories, will be exempt from withholding tax on
the production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorised by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain circumstances where an individual shareholder may have
an additional liability. A charge to Irish social security taxes
and other levies can arise for individuals. However, under the
Social Welfare Agreement between Ireland and the United States,
an individual who is liable for U.S. social security
contributions can normally claim exemption from these taxes and
levies.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Taxation
of Capital Gains and Dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by us other than dividends paid out of exempt
patent income, will be subject to Irish withholding tax at the
standard rate of income tax in force at the time the dividend is
paid, currently 20%. An individual shareholder resident in a
country with which Ireland has a double tax treaty, which
includes the United States, or in a member state of the European
Union, other than Ireland (together, a Relevant Territory), will
be exempt from withholding tax provided he or she makes the
requisite declaration.
Corporate shareholders who: (i) are ultimately controlled
by residents of a Relevant Territory; (ii) are resident in
a Relevant Territory and are not controlled by Irish residents;
(iii) have the principal class of their shares, or of a 75%
parent, traded on a stock exchange in a Relevant Territory; or
(iv) are wholly owned by two or more companies, each of
whose principal class of shares is substantially and regularly
traded on one or more recognized stock exchanges in a Relevant
Territory or Territories, will be exempt from withholding tax on
the production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorized by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain circumstances where an individual shareholder may have
an additional liability. A charge to Irish social security taxes
and other levies can arise for individuals. However, under the
Social Welfare Agreement between Ireland and the United States,
an individual who is liable for U.S. social security
contributions can normally claim exemption from these taxes and
levies.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. Taxation
of Capital Gains and Dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by us other than dividends paid out of exempt
patent income, will be subject to Irish withholding tax at the
standard rate of income tax in force at the time the dividend is
paid, currently 20%. An individual shareholder resident in a
country with which Ireland has a double tax treaty, which
includes the United States, or in a member state of the European
Union, other than Ireland (together, a Relevant Territory), will
be exempt from withholding tax provided he or she makes the
requisite declaration.
Corporate shareholders who: (i) are ultimately controlled
by residents of a Relevant Territory; (ii) are resident in
a Relevant Territory and are not controlled by Irish residents;
(iii) have the principal class of their shares, or of a 75%
parent, traded on a stock exchange in a Relevant Territory; or
(iv) are wholly owned by two or more companies, each of
whose principal class of shares is substantially and regularly
traded on one or more recognised stock exchanges in a Relevant
Territory or Territories, will be exempt from withholding tax on
the production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorised by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain circumstances where an individual shareholder may have
an additional liability. A charge to Irish social security taxes
and other levies can arise for individuals. However, under the
Social Welfare Agreement between Ireland and the United States,
an individual who is liable for US social security contributions
can normally claim exemption from these taxes and levies.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Taxation
of Capital Gains and Dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by us other than dividends paid out of exempt
patent income, will be subject to Irish
Table of Contents
withholding tax at the standard rate of income tax in force at
the time the dividend is paid, currently 20%. An individual
shareholder resident in a country with which Ireland has a
double tax treaty, which includes the United States, or in a
member state of the European Union, other than Ireland
(together, a Relevant Territory), will be exempt from
withholding tax provided he or she makes the requisite
declaration.
Corporate shareholders who: (i) are ultimately controlled
by residents of a Relevant Territory; (ii) are resident in
a Relevant Territory and are not controlled by Irish residents;
(iii) have the principal class of their shares, or of a 75%
parent, traded on a stock exchange in a Relevant Territory; or
(iv) are wholly owned by two or more companies, each of
whose principal class of shares is substantially and regularly
traded on one or more recognized stock exchanges in a Relevant
Territory or Territories, will be exempt from withholding tax on
the production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorized by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain circumstances where an individual shareholder may have
an additional liability. A charge to Irish social security taxes
and other levies can arise for individuals. However, under the
Social Welfare Agreement between Ireland and the United States,
an individual who is liable for US social security contributions
can normally claim exemption from these taxes and levies.
This excerpt taken from the ELN 6-K filed Mar 31, 2006. Taxation of capital gains and
dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by the Company other than dividends paid out of
exempt patent income, will be subject to Irish withholding tax
at the standard rate of income tax in force at the time the
dividend is paid, currently 20%. An individual shareholder
resident in a country with which Ireland has a double tax
treaty, which includes the United States, or in a member state
of the EU, other than Ireland (Relevant Territory), will be
exempt from withholding tax provided he or she makes the
requisite declaration.
Corporate shareholders who: (i) are ultimately controlled
by residents of a Relevant Territory; (ii) are resident in
a Relevant Territory and are not controlled by Irish residents;
(iii) have the principal class of their shares, or of a 75%
parent, traded on a stock exchange in a Relevant Territory; or
(iv) are wholly owned by two or more companies, each of
whose principal class of shares is substantially and regularly
traded on one or more recognised stock exchanges in a Relevant
Territory or Territories, will be exempt from withholding tax on
the production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorised by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain
158 Elan Corporation, plc 2005 Annual Report
Table of Contents
This excerpt taken from the ELN 20-F filed Mar 30, 2006. Taxation
of Capital Gains and Dividends
A person who is neither resident nor ordinarily resident in
Ireland and who does not carry on a trade in Ireland through a
branch or agency will not be subject to Irish capital gains tax
on the disposal of Ordinary Shares. Unless exempted, all
dividends paid by us other than dividends paid out of exempt
patent income, will be subject to Irish withholding tax at the
standard rate of income tax in force at the time the dividend is
paid, currently 20%. An individual shareholder resident in a
country with which Ireland has a double tax treaty, which
includes the United States, or in a member state of the European
Union, other than Ireland (together, a Relevant Territory), will
be exempt from withholding tax provided he or she makes the
requisite declaration.
Corporate shareholders who: (i) are ultimately controlled
by residents of a Relevant Territory; (ii) are resident in
a Relevant Territory and are not controlled by Irish residents;
(iii) have the principal class of their shares, or of a 75%
parent, traded on a stock exchange in a Relevant Territory; or
(iv) are wholly owned by two or more companies, each of
whose principal class of shares is substantially and regularly
traded on one or more recognized stock exchanges in a Relevant
Territory or Territories, will be exempt from withholding tax on
the production of the appropriate certificates and declarations.
Holders of our ADSs will be exempt from withholding tax if they
are beneficially entitled to the dividend and their address on
the register of depositary shares maintained by the depositary
is in the United States, provided that the depositary has been
authorized by the Irish Revenue Commissioners as a qualifying
intermediary and provided the appropriate declaration is made by
the holders of the ADSs. Where such withholding is made, it will
satisfy the liability to Irish tax of the shareholder except in
certain circumstances where an individual shareholder may have
an additional liability. A charge to Irish social security taxes
and other levies can arise for individuals. However, under the
Social Welfare Agreement between Ireland and the United States,
an individual who is liable for U.S. social security
contributions can normally claim exemption from these taxes and
levies.
This excerpt taken from the ELN 6-K filed Apr 11, 2005. Taxation of capital gains and dividends A person who is neither resident nor ordinarily resident in Ireland and who does not carry on a trade in Ireland through a branch or agency will not be subject to Irish capital gains tax on the disposal of Ordinary Shares. Unless exempted, all dividends paid by the Company other than dividends paid out of exempt patent income, will be subject to Irish withholding tax at the standard rate of income tax in force at the time the dividend is paid, currently 20%. An individual shareholder resident in a country with which Ireland has a double tax treaty, which includes the United States, or in a member state of the EU, other than Ireland (together, a “Relevant Territory”), will be exempt from withholding tax provided he or she makes the requisite declaration. Corporate shareholders who: (i) are ultimately controlled by residents of a Relevant Territory; (ii) are resident in a Relevant Territory and are not controlled by Irish residents; (iii) have the principal class of their shares, or of a 75% parent, traded on a stock exchange in a Relevant Territory; or (iv) are wholly owned by two or more companies, each of whose principal class of shares is substantially and regularly traded on one or more recognised stock exchanges in a Relevant Territory or Territories, will be exempt from withholding tax on the production of the appropriate certificates and declarations. Holders of our ADSs will be exempt from withholding tax if they are beneficially entitled to the dividend and their address on the register of depositary shares maintained by the depositary is in the United States, provided that the depositary has been authorised by the Irish Revenue Commissioners as a qualifying intermediary and provided the appropriate declaration is made by the holders of the ADSs. Where such withholding is made, it will satisfy the liability to Irish tax of the shareholder
Shareholders’ Information except in certain circumstances where an individual shareholder may have an additional liability. A charge to Irish social security taxes and other levies can arise for individuals. However, under the Social Welfare Agreement between Ireland and the United States, an individual who is liable for U.S. social security contributions can normally claim exemption from these taxes and levies. | EXCERPTS ON THIS PAGE:
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