Ireland NRIs · Dividend Tax
Dividend tax on Indian shares for NRIs in Ireland
Dividends from Indian companies are withheld at the non-resident rate before they reach you in Ireland — here's the treaty position and how to reclaim any excess.
India-Ireland key facts: dividend tax
| Default Section 195 rate | 20% |
| India-Ireland DTAA treaty rate | 10% |
| Your saving via the treaty | 10% |
| Treaty article / basis | Article 10 — 10% flat rate on Indian-source dividends to resident beneficial owners (no shareholding sub-rate) |
| Your TRC issuing authority | Revenue Commissioners |
Rates reflect India's domestic Section 195 withholding and the India-Ireland treaty. Surcharge and cess apply on top where relevant.
How it works on the India side
Since the 2020 shift back to classical dividend taxation, dividends from Indian companies are taxable in the shareholder's hands and the company deducts TDS before paying. For a non-resident the default is Section 195 at 20% (plus surcharge and cess). Whether a treaty rate is available depends on the specific treaty — for many countries the lower dividend rate is written only for companies holding a large stake in the Indian payer, which means individual portfolio investors stay at the domestic rate.
Where a lower individual rate does apply, you claim it with Form 10F and a Tax Residency Certificate lodged with the company or broker, and any quarter withheld at the higher rate before your paperwork was on file is reclaimed through your Indian return. Where no lower rate applies, the dividend still goes on your return, and the real relief sits on your home-country side as a foreign tax credit for the Indian tax already paid.
What changes because you live in Ireland
Ireland taxes worldwide income only for residents who are also Irish-domiciled. Most NRIs are non-domiciled, and they can use the remittance basis — Indian income and gains are taxed in Ireland only to the extent they are actually brought into (remitted to) Ireland. Indian income left sitting in your NRO or NRE account stays outside the Irish net until you remit it, and Ireland (unlike the UK from April 2025) currently charges nothing for using this basis. Get the domicile-versus-residence line right, because once you become domiciled the full Indian portfolio becomes reportable.
Frequently asked questions
Common questions from Irish NRIs
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Dividend Tax sorted, by an Indian CA who works with Irish NRIs
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