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Dividend Tax In Ireland (Help)

  • 06-12-2020 10:45am
    #1
    OneTrueLove
    Registered Users Posts: 4 ✭


    Hello everyone!

    I want to invest in US stocks
    I want to create a portfolio-based by dividend growth.
    I am very confused about the dividend tax in Ireland, how much should I pay tax for dividends to Revenue??

    Thanks!


Comments

  • #2
    Ixlandia
    Registered Users Posts: 68 ✭✭Ixlandia


    Hi, moneyguide ireland's guide to taxation is a good start...

    https://www.moneyguideireland.com/tax-on-selling-shares-in-ireland.html

    Ix


  • #3
    OneTrueLove
    Registered Users Posts: 4 ✭OneTrueLove


    Ixlandia wrote: »
    Hi, moneyguide ireland's guide to taxation is a good start...



    Ix

    Ok but there it’s nothing about dividend taxes


  • #4
    Saudades
    Registered Users Posts: 378 ✭✭Saudades


    Dividend taxes are treated under your regular income tax bracket.


  • #5
    OneTrueLove
    Registered Users Posts: 4 ✭OneTrueLove


    Saudades wrote: »
    Dividend taxes are treated under your regular income tax bracket.

    Thanks!

    What broker did you use ?


  • #6
    Shedite27
    Registered Users Posts: 9,361 ✭✭✭Shedite27


    OneTrueLove wrote: »
    Hello everyone!

    I want to invest in US stocks
    I want to create a portfolio-based by dividend growth.
    I am very confused about the dividend tax in Ireland, how much should I pay tax for dividends to Revenue??

    Thanks!

    It's just regular income, so depends on what you're earning in your day job.Say you get a dividend for €500, you go to Revenue online service, and declare it. If you're earning more than €35k you'll likely be paying 40% on the dividend (so €200 tax).

    I find most of the time when I log it, they just tell me they'll deduct if from next year's tax bill (reduces your credits next year.

    I have one dividend stock, which generates 2 dividends a year, I log it as I recieve it, so I have the cash in case the taxman wants it immediately.


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