Dividend Withholding Tax (DWT) – Update (on Issue 35)

Issue 35 of Tax Briefing contained a detailed article on Dividend Withholding Tax which was introduced under the 1999 Finance Act. The following is an update on progress made toward implementation of the scheme.

• Return forms and payslips have been designed and are available from the
  DWT Section,
  Office of the Revenue Commissioners,
  Government Offices,
  Nenagh,
  Co. Tipperary.
  Telephone +353-67-33533
  Fax +353-67-32916
• In consultation with persons charged with deducting DWT (companies and authorised withholding agents) an electronic format for the receipt of distribution details is being designed. Work on this is nearing completion.
• Forms for use by persons claiming exemption from DWT are now available and can be obtained from the DWT Section.
• A draft explanatory leaflet has been prepared and can also be obtained from the above address. When finalised it is hoped to produce this document in booklet form and to also make it available on the Revenue Website.

Practitioners requiring information in relation to DWT should contact the DWT Section at the above address.