Dividend Withholding Tax
Irish Dividend Withholding Tax (DWT) will be deducted from dividends paid by the Company, unless a shareholder is entitled to an exemption and has submitted a properly completed exemption form to the Company’s Registrars. DWT applies to dividends whether paid by way of cash or by way of shares under the scrip dividend scheme and is deducted at the standard rate of Income Tax (currently 25%). Where a shareholder elects to receive a scrip dividend, the DWT is deducted by way of an adjustment to the number of scrip shares issued in lieu of the cash dividend. Shareholders who are not resident in Ireland and certain Irish companies, trusts, pension schemes, investment undertakings and charities may be entitled to claim exemption from DWT. Individuals who are resident in Ireland for tax purposes are not entitled to an exemption. Further information and copies of exemption forms click here. Shareholders should note that DWT will be deducted from dividends in cases where a properly completed form has not been received by the record date for a dividend. For DWT forms click here. The Company and the Registrars cannot give tax advice. If you are in any doubt about your position, you should consult a financial or tax adviser.