Irish Dividend Withholding Tax

Options to Obtain Irish DWT Exemption

Transfer Your Shares to a Broker

Description

• Transfer your shares from Broadridge to a broker.
• Ensure that your broker has your Form W-9 on file.
• Confirm with your broker that they can certify you have a valid US address with a Form W-9.
• Complete beneficial ownership form regarding the transfer of shares and send to Broadridge Corporate Issuer Solutions, P.O. Box 1342, Brentwood, NY 11717, within 24 hours of contacting your broker.
• If your broker has questions on applying for the exemption, they can visit www.dtcc.com and search “Eaton” for instructions.

Privalomos formos

• JAV rezidentams mokesčių tikslais būtina galiojanti forma W-9 
• Tikrosios nuosavybės forma

Continue to hold your Shares in Direct Registry at Broadridge

In order to maintain your Irish DWT exemption beyond the grace period which expired January 1, 2018, you will need to register with and pay a $159.99 (USD) fee to GlobeTax for their eCerts service, which will maintain your exemption through the end of the fifth year following the completion of the required documentation.

$85.00 of the $159.99 service fee is paid to the IRS to obtain the US Certificate of Residency.  $64.99 is retained by GlobeTax for administration of the eCerts service.

You should have initiated your GlobeTax eCerts registration in 2017 to ensure your DWT exemption application was underway before the grace period expired on January 1, 2018.

If you do not act, the statutory dividend withholding tax rate of 25% will be applied to your dividend payments

Registracija „GlobeTax“:

• Spustelėkite „Registruotis“
• Pasinaudokite prieigos kodu „EATON“
• Vadovaukitės pateiktomis instrukcijomis

Sell your shares

Eaton values all shareholders and hopes you remain a shareholder.  However, we understand that, after reviewing each alternative and evaluating its viability in the context of your overall investment strategy, you might decide this alternative is right for you.
If you sell your ETN shares, and don’t purchase new ETN shares, you will not receive dividends – and will not be required to pay Irish DWT.
You should consult your tax advisor regarding the tax consequences of selling your shares.
If you take no action, Irish DWT will be withheld from your Eaton Corporation plc dividend payments.  The dividend payment you receive will be reduced by the Irish DWT
Irish DWT is withheld at a rate of 25% on dividends.

Options to Obtain Irish DWT Exemption

Transfer Your Shares to a Broker

Description

• Transfer your shares from Broadridge to a broker.
• Ensure that your broker has your Form W-9 on file.
• Confirm with your broker that they can certify you have a valid US address with a Form W-9.
• Complete beneficial ownership form regarding the transfer of shares and send to Broadridge Corporate Issuer Solutions, PO Box 1342, Brentwood, NY 11717, within 24 hours of contacting your broker.
• If your broker has questions on applying for the exemption, they can visit www.dtcc.com and search “Eaton” for instructions.

Privalomos formos

• JAV rezidentams mokesčių tikslais būtina galiojanti forma W-9 
• Tikrosios nuosavybės forma

Continue to hold your Shares in Direct Registry at Broadridge

• In order to obtain an Irish DWT exemption, you will need to register with and pay a $159.99 (USD) fee to GlobeTax for their eCerts service, which will maintain your exemption through the end of the fifth year following the completion of the required documentation.
• $85.00 of the $159.99 service fee is paid to the IRS to obtain the US Certificate of Residency.  $64.99 is retained by GlobeTax for administration of the service.
• To ensure your Irish DWT exemption, initiate your GlobeTax registration as soon as possible, at least 45 days prior to the dividend record date.
• If you do not act, the statutory dividend withholding tax rate of 25% will continue to be applied to your dividend payments.

Registracija „GlobeTax“:

• Spustelėkite „Registruotis“
• Pasinaudokite prieigos kodu „EATON“
• Vadovaukitės pateiktomis instrukcijomis

Sell your shares

Eaton values all shareholders and hopes you remain a shareholder.  However, we understand that, after reviewing each alternative and evaluating its viability in the context of your overall investment strategy, you might decide this alternative is right for you.
If you sell your ETN shares, and don’t purchase new ETN shares, you will not receive dividends – and will not be required to pay Irish DWT.
You should consult your tax advisor regarding the tax consequences of selling your shares.
If you take no action, Irish DWT will be withheld from your Eaton Corporation plc dividend payments.  The dividend payment you receive will be reduced by the Irish DWT
Irish DWT is withheld at a rate of 25% on dividends.

Options to Obtain Irish DWT Exemption

Transfer Your Shares to a Broker

Description

• Transfer your shares from Broadridge to a broker.  To ensure continuation of the exempt status you may already have in place, we recommend that this transfer occur in 2017.
• Ensure that your broker has your stamped Form V2 on file.
• Confirm with your broker that they will file the Irish DWT exemption.
• Complete beneficial ownership form regarding the transfer of shares and send to Broadridge Corporate Issuer Solutions, PO Box 1342, Brentwood, NY 11717, within 24 hours of contacting your broker.
• If your broker has questions on applying for the exemption, they can visit www.dtcc.com and search “Eaton” for instructions.  For Non-US Tax Residents, the DTC participants send the Form V2 to GlobeTax and they can claim the DWT exemption.

Privalomos formos

• Ne JAV rezidentams mokesčių tikslais būtina galiojanti forma W8-BEN
• Pasirinkite atitinkamą formą V2 čia 
• Tikrosios nuosavybės forma

Continue to hold your Shares in Direct Registry at Broadridge

• In order to maintain your Irish DWT exemption beyond the grace period which expired January 1, 2018, you needed to register with and pay a $50 (USD) service fee to GlobeTax, which will maintain your exemption through the end of the fifth year following the completion of the required documentation.
• You should have initiated your GlobeTax registration in 2017 to ensure your DWT exemption application was underway before the grace period expired on January 1, 2018.
• If you did not act, the statutory dividend withholding tax rate of 25% will be applied to your dividend payments.

Registracija „GlobeTax“:

• Spustelėkite „Registruotis“
• Pasinaudokite prieigos kodu „EATON“
• Vadovaukitės pateiktomis instrukcijomis

Sell your shares

Eaton values all shareholders and hopes you remain a shareholder.  However, we understand that, after reviewing each alternative and evaluating its viability in the context of your overall investment strategy, you might decide this alternative is right for you.
If you sell your ETN shares, and don’t purchase new ETN shares, you will not receive dividends – and will not be required to pay Irish DWT.
You should consult your tax advisor regarding the tax consequences of selling your shares.
If you take no action, Irish DWT will be withheld from your Eaton Corporation plc dividend payments.  The dividend payment you receive will be reduced by the Irish DWT
Irish DWT is withheld at a rate of 25% on dividends.

The only remaining option to avoid DWT may be to sell your shares

Eaton values all shareholders and hopes you remain a shareholder.  However, we understand that, after reviewing each alternative and evaluating its viability in the context of your overall investment strategy, you might decide this alternative is right for you.
If you sell your ETN shares, and don’t purchase new ETN shares, you will not receive dividends – and will not be required to pay Irish DWT.
You should consult your tax advisor regarding the tax consequences of selling your shares.

I am a United States Tax Resident.  How do I claim a refund of Irish DWT from the Irish Tax Authority?

• If you do not obtain an exemption from Irish DWT, you may apply for a refund directly from the Irish Tax Authority.
• Refund claims may be made in the same year as the Irish DWT was withheld, however, they must be made within four year from the end of the calendar year in which the tax was deducted  (e.g. a refund claim for Irish DWT withheld in May 2017 must be made by 31 December 2021).
• Total cost over five years includes a $85 (USD) IRS “user fee,” plus postage/courier fees.
• Refunds are issued by the Irish Revenue Commissioners in € Euros by check.
• It is common for refunds filed directly to the Irish Revenue Commissioners to take 9-12 months to pay.
• GlobeTax may be able to assist you for a fee per share subject to a minimum fee (in addition to the $85 paid to the IRS), but you do not need to use GlobeTax to claim a refund of Irish DWT.
• If you wish to use GlobeTax, contact them at eCertsEaton@globetax.com.
• Refunds paid through GlobeTax will be made in $ USD by check.
• Refunds through GlobeTax are often received in half the time as filing directly.

• Pateikite formą US IRS-8802  JAV mokesčių inspekcijai, sumokite 85 JAV dolerių vartotojo mokestį ir gaukite IRS formą 6166.
• Išsiųskite Airijos mokesčių inspekcijai toliau nurodytas formas sekamu paštu (pavyzdžiui, per „FedEx“, „UPS“, „DHL“ siuntų tarnybą, „USPS“ registruotu paštu ar pan.):
  • užpildytą paraiškos grąžinti mokesčius formą
  • originalius dividendų kuponus
  • formą 6166*
  • formą V2*
  • Visas kitas formas, reikalaujamas Airijos mokesčių inspekcijos: žr. „Paraiškos susigrąžinti išskaičiuojamąjį dividendų mokestį forma – Paraiška susigrąžinti IDM, pateikta ne rezidentų ar jų vardu“. 

* Nebūtina pildyti šių formų kaskart teikiant paraišką mokesčiui susigrąžinti. Pasirašytos formos galioja vienus metus, o šiems pasibaigus – dar penkerius kalendorinius metus.
Vieną šių formų turėsite pateikti „Computershare“:

• Jei esate JAV rezidentas: formą W-9 
• Jei nesate JAV rezidentas: formą W-8BEN

I am tax filer residing outside the United States.  How do I claim a refund of Irish DWT from the Irish Tax Authority? 

• If you do not obtain an exemption from Irish DWT, you may apply for a refund directly from the Irish Tax Authority.
• Refund claims may be made in the same year as the Irish DWT was withheld, however, they must be made within four years from the end of the calendar year in which the tax was deducted (e.g. a refund claim for Irish DWT withheld in March 2018 must be made by 31 December 2022).
• Total costs over five years are postage/courier fees.
• Refunds are issued by the Irish Revenue Commissioners in € Euros by check.
• GlobeTax may be able to assist you for a fee per share subject to a minimum fee, but you do not need to use GlobeTax to claim a refund of Irish DWT.
• If you wish to use GlobeTax, contact them at eCertsEaton@globetax.com.
• Refunds paid through GlobeTax will be made in $ USD by check.
• Refunds through GlobeTax are often received in half the time as filing directly.

• Išsiųskite Airijos mokesčių inspekcijai toliau nurodytas formas sekamu paštu (pavyzdžiui, per „FedEx“, „UPS“, „DHL“ siuntų tarnybą, „USPS“ registruotu paštu ar pan.):
  • užpildytą paraiškos grąžinti mokesčius formą
  • originalius dividendų kuponus
  • formą V2*
  • Visas kitas formas, reikalaujamas Airijos mokesčių inspekcijos: žr. „Paraiškos susigrąžinti išskaičiuojamąjį dividendų mokestį forma – Paraiška susigrąžinti IDM, pateikta ne rezidentų ar jų vardu“. 

* Nebūtina pildyti šių formų kaskart teikiant paraišką mokesčiui susigrąžinti. Pasirašytos formos galioja vienus metus, o šiems pasibaigus – dar penkerius kalendorinius metus.
Vieną šių formų turėsite pateikti „Computershare“:

• Jei esate JAV rezidentas: formą W-9 
• Jei nesate JAV rezidentas: formą W-8BEN

Claim a foreign tax credit on your income tax return for the Irish DWT you paid 

• It can be difficult to satisfy the requirements for a tax credit.  You should consult your tax advisor to see if this is possible.

• Pasitarkite su savo asmeniniu mokesčių patarėju dėl to, kokias papildomas formas turite pateikti kartu su savo pajamų mokesčių deklaracija.
• Vieną šių formų turėsite pateikti „Computershare“:
• Jei esate JAV rezidentas: formą W-9 
• Jei nesate JAV rezidentas: formą W-8BEN