Ireland: Proposed increase of dividend withholding tax rate
On 8 October 2019, the Irish Minister of Finance presented the Budget 2020 to Parliament.
The Budget includes a proposal to increase the dividend withholding tax rate from 20% to 25%.
The Finance Bill is subject to changes and therefore remains unconfirmed until the Bill is signed into law.
The effective date of the proposal, if the law is voted, is expected to be 1 January 2020.
We continue to monitor the Irish market for new developments and will provide more information as it becomes available.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.