Revenue eBrief No. 203/19

05 December 2019

Public Consultation Reminder - Dividend Withholding Tax (DWT) – Real-Time Reporting

The Minister for Finance, in his Budget Statement of 8 October 2019, announced a new process for applying and collecting Dividend Withholding Tax (DWT) from dividends and distributions made by Irish resident companies to individuals. The objective of this new process is to ensure individuals pay the correct amount of Income Tax and USC on dividend payments at the right time.

It is planned that the new DWT Real-Time Reporting process will be operational for all dividends paid on or after 1 January 2021.

Revenue is interested in the views of companies, Qualified Intermediaries (QIs), non-QIs, Authorised Withholding Agents (AWA), stock brokers, shareholders, representative bodies, tax practitioners and any other relevant stakeholders. This public consultation process will run until 12 December 2019. Full details of the Public Consultation document can be viewed at  DWT Real-Time Reporting Public Consultation Paper.

Please respond by email to:

Following this consultation, Revenue will publish a position paper based on the observations, suggestions and comments received and will continue the collaborative process with relevant stakeholders to assist with the design and development of DWT Real-Time Reporting.