Ireland Tax Agency Updates Guidance on Nonresident Landlord Rental Income


The Irish Revenue Commissioners Oct. 1 updated guidance on the taxation of nonresident landlord rental income. The updated guidance clarified: 1) the requirement that tenants and local authorities withhold the standard rate income tax from rents paid directly to nonresident landlords and remit the tax to Revenue; 2) the obligations of Irish collection agents of nonresident landlords; and 3) the rule that a collection agent is a chargeable person for self-assessment purposes. [Ireland, Revenue Commissioners, 10/01/19]

Reference:
View Revenue eBrief No. 176/19. View Tax and Duty Manual Part 45-01-04.

To read the full article log in. To learn more about a subscription click here.



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *