Non-Resident Landlord Withholding Tax (NLWT)
Revenue have made a substantial change to the NLWT in line with The Finance Act 2022. As of the 1st July 2023, a new system will go live making changes to the obligations of collections agents, tenants and non-resident landlords.
Non-resident landlords must now decide to either appoint a collection agent or the tenant to withhold 20% of the rent and send it to Revenue via the new online system. The onus has been transferred to the landlord to file their personal income tax returns. The withholding tax must be transferred to revenue within 21 days of the rental payment.