E: info@maddenproperty.ie
T: +353 (0) 1 876 1771
PSRA License No – 001598
SUPPORTING NON-RESIDENTIAL LANDLORDS
A team of trusted experts providing support and guidance to Irish landlords.
MAKE AN ENQUIRYAbout My Collection Agent Services
My Collection Agent provides a range of support for Non-Resident Landlords living outside the Republic of Ireland. A sister company of Madden Property Consultants, we have been acting as the collection agent for non-resident landlords for several years, ensuring the 20% non-resident withholding tax is transferred to Irish Revenue. This process enables Revenue to credit the landlord accordingly.
Effective from 1st July 2023, Revenue have made substantial changes to the Non-resident Landlord Withholding Tax (NLWT) system, in line with the Finance Act 2022. This means changes to the obligations of collection agents, tenants, and non-resident landlords.
What actions need to be taken?
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.
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