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]

Does it mean that Irish company being subsidiary of Hong Kong's company which is controlled by Chinese resident is exempt of paying DWT?

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

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?

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

 

[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]

@Martin Everson You mean corporate income tax in Ireland?

Yes

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