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Divined Withholding Tax

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  • 21-08-2017 2:45pm
    #1
    OmegaRed
    Registered Users Posts: 1,051 ✭✭✭


    Sorry if this seems like a stupid question. I recently received my first divined in my TD investment account. The amount was smaller than I thought but when I checked it looks like a 15%  Withholding Tax was applied as they are USD shares, which is fine.
    Am I entitled to this 15% back?
    If not, do I get taxed on 100% of the dividend or just the remaining 85%? (Do I declare the 100% or the 85% to revenue?)
    Thanks


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    #2
    topper_harley2
    Registered Users Posts: 537 ✭✭✭topper_harley2


    Read last few posts on http://www.boards.ie/vbulletin/showthread.php?t=2057774667, same question answered, again.
    Dividends on US Shares
    There is a 30% with-holding tax on US shares for non-US residents, but if you complete a W8-Ben form for your stockbroker, a lower 15% with-holding tax will apply. Your therefore receive 85% of the dividend. You are assessed on the full 100% and the 15% withheld by the US Revenue is deemed as tax already paid by you in accounting for tax due to the Irish Revenue, and for anyone on a marginal tax rate above 15%, then the balance is due to the Irish Revenue. The 15% US With-holding tax is non-refundable so pension accounts cannot reclaim it.


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