Irish tax authority updates dividend withholding tax guidance

Irish Tax and Customs on April 6 updated its guidance on the dividend withholding tax.

Irish resident companies making distributions are required to withhold the tax and pay it over to Revenue unless the recipient is a non-liable person.

Revisions are made to Revenue Tax and Duty Manual Part 06-08A-01, stating that dividend withholding tax returns must be made in electronic format. The revised guidance also updates the list of entities  the payment to which is not a ‘relevant distribution.’

Further, revisions are made to penalties for failure to provide certain statements in writing.