Home About Us Services Tax Booklet 2011 International Services Useful Links Contact Us                      Be part of Ireland's Smart Economy Advantages of locating in Ireland        Latest Economic Commentary Budget 2012 An Assessment        Starting your own Business? Tax Exemption for Start-Up Companies        Useful Resources: Key Tax Planning Dates for 2012 Tax Planning Tips for 2012               Irish Holding Companies               Introduction Dividend Income Capital Gains Tax Exemption Dividend Withholding Tax Miscellaneous Features Tax Rates for Irish Companies Incorporating an Irish Company Contact Us for more information Dividend Withholding Tax          In general, dividends paid and other distributions made by Irish resident companies are liable to a dividend withholding tax (DWT) at the standard rate of tax (20%). However, the law provides an exemption from DWT for distributions in certain circumstances, which effectively means that the distribution will be paid gross (without deduction of DWT) to dividend recipients. The following exemptions apply to non-resident recipients:        Exemptions:        Persons, other than companies, who are neither resident nor ordinarily resident in Ireland and who are resident for tax purposes in an EU Member State other than Ireland or in a country with which Ireland has a Double Taxation Agreement (“treaty country”). These persons can include superannuation funds and non-resident charities.        Companies which are resident in a treaty country, but which are not under the control, whether directly or indirectly, of a person or persons who are resident in Ireland. Companies which are not resident in Ireland and which are ultimately controlled by persons who are resident for tax purposes in a treaty country. Companies the principal class of shares of which are substantially and regularly traded on a recognised stock exchange in treaty countries or EU Member States Non-resident companies which are wholly owned by two or more companies each of whose principal class of shares is substantially and regularly traded on a recognised stock exchange in a treaty country               The recipient of the dividend must claim the exemption by filing an appropriate declaration with the dividend paying company. Where there is no change in circumstances, this exemption will last for five years. Alternatively, relief may be available by way of repayment in accordance with the provisions of the tax treaties which provide for reduced rate or exemption on dividends.                                               Byrne & McCall, Core B, Block 71, The Plaza, Park West, Dublin 12, Ireland   Tel: +353-1-6120580   Fax:+353-1- 6205625   Email: info@byrnemccall.ie Privacy Policy          powered by go2web