- Short title
- Interpretation
- Validity of
an international trust
- Presumption
against avoidance of an international trust
- Duration of
an international trust
- Validity of
direction for the accumulation of income
- Charitable
trusts and purpose trusts
- Authorised
investments
- Power to
change the applicable law of an international trust
- Variation of
an international trust by the Court
- Confidentiality
relating to international trusts
- Taxation of
international trusts
- Application
of this Law
- Saving
of existing laws
- Registration
not compulsory
- Short title
- Interpretation
- Validity of
an international trust
- Presumption
against avoidance of an international trust
- Duration of
an international trust
- Validity of
direction for the accumulation of income
- Charitable
trusts and purpose trusts
- Authorised
investments
- Power to
change the applicable law of an international trust
- Variation of
an international trust by the Court
- Confidentiality
relating to international trusts
- Taxation of
international trusts
- Application
of this Law
- Saving
of existing laws
- Registration
not compulsory
12. Taxation
of international trusts
1) The income
and gains of an international trust derived or
deemed to be derived from sources outside the Republic shall be exempt from all taxes
imposed in the Republic and no estate duty shall be chargeable in respect
of assets belonging to an international trust.
2) Notwithstanding
the provisions of the Stamp Duty Law, the
instrument creating an international trust shall be the instrument creating an
international trust shall be other fixed amount as may from time to time be prescribed
by the Council of Ministers.
 
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