Non Resident Landlord Withholding Tax
Irish Revenue have published a Tax & Duty Manual covering the online Non Resident Landlord Withholding Tax (NLWT) system which commences operation from 1 July 2023.
Summary of key elements of the new system
The new NLWT system will allow tenants/other direct payers and collection agents to:
a) Input Rental Notifications (RNs)
b) upload batches of RNs
c) set up repeat RNs at monthly intervals
d) search RNs and make amendments where appropriate
e) generate a PDF acknowledgement of selected RNs
f) generate a report of RNs.
The NLWT system will allow non-resident landlords to:
- search RNs where 20% was withheld from rental payments made to them
- generate a PDF acknowledgement of selected RNs
- generate a report of RNs
- claim RNs as theirs where the LPT ID was the only identifier in making the RN.
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Disclaimer :
Whilst every effort has been made to ensure the accuracy of matters covered by this article, no responsibility for loss or damage occasioned by any person acting, or refraining from acting, as a result of matters above. Professional advice should always be sought before acting on any interpretation of matters covered by this article.
6 June 2023