In order to avoid partner banks applying a withholding tax to the interests generated by their deposits, depositors must present a Letter of Residence issued by Revenue confirming their tax residency in Ireland. This way, the partner bank may apply reduced withholding tax on the interest earned by the contracted deposits.
Unless the specific regulations of the tax certificate state otherwise, the document will be valid for the year of issuance as long as there are no changes in the circumstances determining its content.
Requesting the Letter of Residence
Customers with a tax residency in Ireland should proceed as follows:
Additional details regarding the myAccount service, including how to register can be found here.
Once logged in to myAccount, the link for a request for a Letter of Residence can be found in the “Manage My Record” section. Complete the short application form, including your email address and the relevant tax year. Please make sure to select the relevant country from the “Jurisdiction” drop down menu.
Letter of Residence requests should be processed by the Revenue authority within a few days, after which the Letter of Tax Residence will be sent to the email address provided during the request process.