General information - types of securities, deadlines, other market specifics - Ireland

30.03.2022

Types of securities

The eligible securities issued in Ireland are as follows:

  • Government bonds (eligible in Euroclear Bank);
  • Equities (eligible in Euroclear Bank)

Withholding tax

Debt securities

Government bonds

Holding restriction?

Withholding tax rate

Relief at
source

Quick
refund

Standard
refund

No

0%

n/a

n/a

n/a

Equities - Overview

Equities

Withholding tax rate

Relief at
source

Quick
refund

Standard
refund

25%

Qualifying non-resident persons

No

No

Yes

Residents in Double Taxation Treaty countries (that are not qualifying non-resident persons)

No

No

Yes

Capital gains tax

There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Stamp Duty

For more information on Stamp Duties, please refer to Settlement services - Ireland - Equities and corporate bonds - Euroclear Bank, section “Irish stamp duty in Euroclear Bank”.

Deadlines

Statutory deadline for reclaiming withholding tax

The statutory deadline for reclaiming withholding tax is four years after the end of the year in which the relevant income payment was made.

Clearstream Banking deadline for standard refund applications

The deadline by which Clearstream Banking must receive the documentation for a standard refund application is at the latest two months before the statutory deadline. All standard refund applications received after this deadline will be processed by Clearstream Banking on a "best efforts" basis. However, in such a case, Clearstream Banking will apply an extra charge and accepts no responsibility for forms that have not reached the Irish Tax Authorities by the date considered being the statute of limitations deadline.

When are refunds received?

The estimated time for receiving a refund from a standard refund application is four months from the date of receipt by the Irish Tax Authorities, although this can vary depending on when the application is filed, and the complexity of the information supplied in the reclaim form.

Notes on tax reclaims

Customers warrant the completeness and accuracy of the information they supply to Clearstream Banking.

It is the customer's responsibility to determine any entitlement to a refund of tax withheld, to calculate the amount due and to correctly complete the required forms in due time. Clearstream Banking is under no obligation to carry out any investigation in respect of such information.

With respect to reclaims in general, customers are reminded that Clearstream Banking accepts no responsibility for their acceptance or non-acceptance by the authorities of the respective country