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Tax on dividend

  • 07-04-2013 8:35am
    #1
    caoty
    Registered Users, Registered Users 2 Posts: 174 ✭✭


    How is the tax on company (public) shares dividend handled in Ireland? Is it deducted automatically by the company/stockbroker at source or the investors need to return the tax to the Revenue themselves? What is the rate? Thanks.


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Withholding taxes apply and you can tax a credit for same in your return.


  • #3
    caoty
    Registered Users, Registered Users 2 Posts: 174 ✭✭caoty


    Sorry, can you make it clearer as I am not familiar with the issue? Does a PAYE individual need to do anything with regard to the dividend received from the shareholding of a public company managed by a stockbroker?
    Mr. Incognito wrote: »
    Withholding taxes apply and you can tax a credit for same in your return.


  • #4
    Pawwed Rig
    Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators Posts: 22,430 CMod ✭✭✭✭Pawwed Rig


    There will have been withholding tax of 20% on it. If you pay tax at 41% then you are liable to the extra tax on the dividend. Assuming that the shares are in an Irish company and the broker is withholding Irish tax. So yes if you are PAYE you will need to declare it


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