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Question on tax returns

  • 14-04-2017 8:20pm
    #1
    gavmcg92
    Registered Users Posts: 5,317 ✭✭✭


    Hi all,

    Just looking for an answer to a tax query. I have a small sum invested in a three fund vanguard portfolio domiciled in the US. (60% VXUS, 30% VTI & 10% BND).

    From the research I have done so far I know that the dividends I have received from these funds are taxed at marginal rates and are subject to USC and PRSI. Is it the end of October that I need to submit a form 11 showing the income? Can this be done online or do I need to fill in the form and post it into Revenue? I know I am asking quite early but I would rather know now so I amn't rushing around trying to get all my chickens in line.

    Secondly, do I report the figure net of the 15% witholding tax or do I give them the overall gross dividend value?

    Cheers
    Tagged:


Comments

  • #2
    TiGeR KiNgS
    Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭TiGeR KiNgS


    gavmcg92 wrote: »
    Hi all,

    Just looking for an answer to a tax query. I have a small sum invested in a three fund vanguard portfolio domiciled in the US. (60% VXUS, 30% VTI & 10% BND).

    From the research I have done so far I know that the dividends I have received from these funds are taxed at marginal rates and are subject to USC and PRSI. Is it the end of October that I need to submit a form 11 showing the income? Can this be done online or do I need to fill in the form and post it into Revenue? I know I am asking quite early but I would rather know now so I amn't rushing around trying to get all my chickens in line.

    Secondly, do I report the figure net of the 15% witholding tax or do I give them the overall gross dividend value?

    Cheers

    You can disclose your dividends though PAYE Anytime.
    The gains from Jan-Dec 2016 need to be disclosed to Irish Revenue Commissioners before 31 October 2017.

    You report the figure as 'US dividends' and the Gross amount - the tax calc will automatically take account of the 15% withholding tax.


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