Dividend Withholding Tax (DWT)

Overview

Irish resident companies must withhold tax on dividend payments and other distributions that they make. There are some exceptions to this.

They must withhold Dividend Withholding Tax (DWT) at the standard rate of tax for the year in which the distribution is made.

The rate of DWT which companies pay directly to Revenue is to increase. The current rate of DWT of 20% is to increase to 25% from 1 January 2020.

Next: Who should withhold DWT?