Dividend Withholding Tax (DWT) real-time reporting
The Minister for Finance delivered his Budget Statement on 8 October 2019. He announced a new collection process for applying and collecting Dividend Withholding Tax (DWT).
Revenue conducted a public consultation process with stakeholders, shareholders, representative bodies and other interested persons. This consultation ran from October 2019 to March 2020.
On 19 May 2020, Revenue announced the decision to postpone the DWT real-time reporting changes planned for January 2021. Details of the reasons are set out in e-Brief No. 087/2020.
Revenue will engage with stakeholders in advance of the resumption of the change management programme. Revenue will also ensure that adequate time is allocated to the delivery of any development work associated with DWT real-time reporting.
Revenue intends to publish the outcome of the consultation in due course.