Equities - rates, eligibility, availability of relief etc. - Ireland

24.07.2019

Withholding Tax

Standard rate of withholding tax:

20%

 

Preliminary requirements for relief at source

Yes

Availability of relief

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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

Quick refund

Standard refund

Qualified Intermediaries (QI)

Yes

No

No

Qualifying non-residents

Yes

No

Yes

Excluded Irish persons

Yes

No

No

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.