Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Dividend Withholding Tax for non-residents

  • 09-05-2018 1:51pm
    #1
    alisalas
    Registered Users, Registered Users 2 Posts: 1 ✭


    Good afternoon,
    I have a question related to Dividend Withholding Tax.
    I have an Irish LTD company, one of the shareholders is a US registered company that owns 30% of our company.
    Now, as far as I know, DWT is deducted from all relevant distributions at 20%
    The information on Revenue website states that companies should not deduct DWT from a distribution if they hold a valid DWT exemption declaration form from a Non-resident shareholder.
    Does it mean that in this case the DWT will be zero rated? I tried to research on my own, asked numerous accountants, nobody is certain about the information, therefore I would appreciate if someone can shed some light.


Comments

  • #2
    scheister
    Registered Users, Registered Users 2 Posts: 1,310 ✭✭✭scheister


    alisalas wrote: »
    Good afternoon,
    I have a question related to Dividend Withholding Tax.
    I have an Irish LTD company, one of the shareholders is a US registered company that owns 30% of our company.
    Now, as far as I know, DWT is deducted from all relevant distributions at 20%
    The information on Revenue website states that companies should not deduct DWT from a distribution if they hold a valid DWT exemption declaration form from a Non-resident shareholder.
    Does it mean that in this case the DWT will be zero rated? I tried to research on my own, asked numerous accountants, nobody is certain about the information, therefore I would appreciate if someone can shed some light.

    if they have a valid V2B cert in place no DWT otherwise DWT applies is the most basis answer


Advertisement