(1) Subject to subsection (2), a company which is incorporated in the State shall be regarded for the purposes of the Tax Acts and the Capital Gains Tax Acts as resident in the State.

(2) Notwithstanding subsection (1), a company which is regarded for the purposes of any arrangements, having the force of law by virtue of section 826(1), as resident in a territory other than the State and not resident in the State shall be regarded for the purposes of the Tax Acts and the Capital Gains Tax Acts as not resident in the State.

(3) Nothing in subsection (1) shall prevent a company that -

(a) is not incorporated in the State, and

(b) is centrally managed and controlled in the State,

being resident in the State for the purposes of the Tax Acts and the Capital Gains Tax Acts.