Notice to U.S. Registered Shareholders* – Irish Dividend Withholding Tax
Because JCI is an Irish-domiciled company, registered shareholders are subject to a 25% Irish Dividend Withholding Tax (DWT). A registered shareholder is a shareholder who holds shares directly with the transfer agent, EQ, NOT through a brokerage, mutual fund, or other investment account.
There are a few ways to obtain an exemption from DWT:
1. Move your shares from your registered account (with our transfer agent, EQ) to a brokerage and make sure the broker has a W-9 on file for you and is able to obtain the DWT exemption on your behalf;
2. Keep your shares in your registered account with EQ and register with GlobeTax, pay a $149 fee and maintain your exemption from DWT for 5 years, by registering here https://ecerts.globetax.com/ and using the code JCPLC (please review the FAQ for additional information); or
3. Keep your shares in your registered account with EQ, pay an $85 fee to the IRS and fill out Form 8802 in order to obtain a Form 6166, which you will need to file, along with Irish Form V2A with Irish Revenue.
*Non-U.S. Registered Shareholders may also work with GlobeTax to obtain an exemption by registering with GlobeTax. Please review the FAQ for additional information.