See Administration, Anti-avoidance, Information, Audit and Collection under INCOME TAX: Revenue powers.

Withholding tax

If the seller cannot produce a tax clearance certificate the purchaser must deduct 15% withholding tax from the price paid for ROI:

(a) land,

(b) minerals or exploration rights,

(c) shares deriving their value from (a) or (b).

This does not apply if the transaction value does not exceed €500,000 (s 980).