Irish company dividend withholding tax (DWT)

[Lin]

Please help to understand the statement:
A qualifying non-resident person can claim an exemption from DWT.
Qualifying non-resident persons are:
Companies resident in a relevant territory that are neither directly nor indirectly controlled by an Irish resident person.
(reference to Exemptions for non-residents)
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Does it mean that Irish company being subsidiary of Hong Kong's company which is controlled by Chinese resident is exempt of paying DWT?
Dividend income at Hong Kong is not taxable. Is there any tax other than income tax in Ireland has to be paid until getting money to HK company account?

Thanks!

 

[Martin Everson]

Lin said:
Does it mean that Irish company being subsidiary of Hong Kong's company which is controlled by Chinese resident is exempt of paying DWT?
Click to expand...

An Irish company owned by a Hong Kong company has zero Dividend Withholding Tax (DWT) applied under the DTA between them.

https://www.revenue.ie/en/tax-professionals/documents/double-taxation-treaties/h/hong-kong.pdf

Lin said:
Dividend income at Hong Kong is not taxable. Is there any tax other than income tax in Ireland has to be paid until getting money to HK company account?
Click to expand...

Yes dividends from "foreign companies" are not taxable in HK. Just pay your income tax in Ireland and your good to go.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JustAnotherNomad]

@Martin Everson You mean corporate income tax in Ireland?

 

[Lin]

@Martin Everson thank you for reply.

@JustAnotherNomad
I meant corporate tax as well, thanks for clarification.

 

[Martin Everson]

JustAnotherNomad said:
@Martin Everson You mean corporate income tax in Ireland?
Click to expand...

Yes

Sorry I didn't make it clear.....lol.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.