Taxes Consolidation Act 1997 section 263

Declarations relating to deposits of non-residents

Section 263 sets out the requirements for the non-residence declaration that allows a financial institution to pay deposit interest without deducting DIRT.

• A written declaration on the official Revenue form must be signed by the account holder, stating that no person beneficially entitled to the interest is resident in the State
• The declaration must include the name, principal residence address, and country of residence of every beneficial owner, along with any other information the Revenue Commissioners reasonably require
• The declarer must undertake to notify the financial institution immediately if any beneficial owner becomes Irish resident, at which point the deposit becomes subject to DIRT
• Financial institutions must retain all non-residence declarations for six years or until three years after the deposit is repaid or becomes a relevant deposit, whichever period is longer, and must make them available for inspection on request