Form descriptions - Relief at source - Irish equities

30.03.2022

This paragraph provides information regarding the various tax forms to be completed in order to benefit from relief at source of withholding tax on dividends from Irish equities. The templates of the forms are available on our Tax Forms to use section.

One-time certificate for Irish domestic equities

The One-Time Certificate for Irish domestic equities should be submitted by all customers in order to confirm amongst others that the Irish equities are held on behalf of Clearstream Banking customer that are either Qualified Intermediary or the final beneficial owner, acting as a qualifying non-resident or excluded Irish person.

 How many are provided?

One per Clearstream Banking customer account

Who completes it?

Clearstream Banking customer

How often is it provided?

Once, it is valid until revoked, unless there is a change in circumstances

When is it provided?

Before the transfer of the Irish equities on the segregated account3

Copy or original?

Original required

Copy of the document delivered by the Irish Revenue Commissioners to prove QI status

The purpose of the document is to prove to Clearstream Banking that the Clearstream Banking customer has been approved as a Qualified Intermediary by the Irish Revenue Commissioners.

How many are provided?

One per Clearstream Banking customer

Who completes it?

The Irish Revenue Commissioners

How often is it provided?

Once, it is valid until revoked, unless there is a change in circumstances

When is it provided?

Before the transfer of the Irish equities on the segregated account3

Copy or original?

Copy required

Declaration of Irish person

The declaration of Irish excluded person should be made via one of the below forms:

  • A Resident Form V3 or
  • A declaration to be made by an Irish Exempt Unit Trust, for the purpose of Exemption from Dividend Withholding Tax (DWT), or 
  • A declaration to be made by an Irish Personal Retirement Savings Account (PRSA) Administrator for the purpose of Exemption from Dividend Withholding Tax (DWT)

How many are provided?

One per final beneficial owner

Who completes it?

The final beneficial owner

How often is it provided?

Once, it is valid until revoked, unless the excluded Irish person notifies Clearstream Banking that it has ceased to be an excluded Irish person.

When is it provided?

Before the transfer of the Irish equities on the segregated account3

Copy or original?

Original required.

Qualifying Non-Resident Form V2A or V2B or V2C

Depending on the status of the final beneficial owner that is a qualifying non-resident person, a form V2A (for individuals) or V2B (for companies) or V2C (for persons not being individuals or companies) should be filled in.

How many are provided?

One per final beneficial owner

Who completes it?

The final beneficial owner. In addition, as described in the relevant V2 form, the below parties may also need to complete a section in the V2 form:

- the tax authorities of the final beneficial owner

- the trustee(s)

- the Irish Revenue Commissioners

How often is it provided?

The form is valid from the date of issue until 31 December in the fifth year following the year in which the certificate was issued. As such, it should be renewed every 5 years.

When is it provided?

Before the transfer of the Irish equities on the segregated account3

Copy or original?

Original required.

Power of Attorney

A Power of Attorney should be provided if a third party is completing the qualifying non-resident exemption form or the declaration of Irish person on behalf of the beneficial owner.

How many are provided?

One per beneficial owner

Who completes it?

The beneficial owner

How often is it provided?

Once

When is it provided?

Before the transfer of the Irish equities on the segregated account3

Copy or original?

Copy required

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3. Please refer to the section “Relief at source - eligibility, documentation, deadlines - Irish equities” for more explanation.