Irish Revenue has issued eBrief No. 61/18 concerning new and updated guidance in relation to the phrase "recognised stock exchanges", which is used in various tax legislation, including in relation to the tax treatment of foreign dividends received by Irish resident companies. Foreign dividends received by an Irish company are subject to the 25% tax rate for non-trading income unless certain conditions are met to allow for the 12.5% rate. These conditions include that the dividends are paid o…