Equities - rates, eligibility, availability of relief etc. - Ireland
Standard rate of withholding tax:
Preliminary requirements for relief at source
Availability of relief
Pre-requisites for obtaining tax relief at source on Irish domestic equities
To allow CBL to apply tax relief at source, customers must open a segregated account on which they will hold exclusively positions eligible for tax exemption and that are duly certified. The required certification described below has to be received by Clearstream Banking before the transfer of the securities in this exempt account. After the receipt and validation of the certification, the customer account will be flagged X (exempt) and all dividends from Irish domestic equities will be paid gross.
Eligible beneficial owners and customers
Relief at source
Qualified Intermediaries (QI)
Excluded Irish persons
Relief at source of withholding tax is available only if the appropriate documentation is submitted to Clearstream Banking.
A standard refund is available if relief at source has not been obtained by a beneficial owner that is a Qualifying non-residents. The customer can reclaim withholding tax on behalf of the beneficial owner through Clearstream Banking by submitting the appropriate documentation.