Dividend Withholding Tax Information

Investors should not view this detail as a substitute for a knowledgeable tax advisor and we advise that you seek their guidance in these often complex tax situations.

Medtronic plc has established tax residence in Ireland, and as such, dividends are considered Irish source income and Irish dividend withholding tax (“DWT") rules apply. The current rate of DWT is 25%. However, the vast majority of Medtronic shareholders and beneficial owners are entitled to an exemption from DWT.

A W-9 or a W8-BEN is still required to avoid United States Dividend Tax withholding. You may already have these documents on file with your financial institution.

It is up to each individual to review each alternative as it applies to their specific situation, evaluate its viability in the context of your overall investment strategy, and decide which one is right for you. As part of this process, you may wish to consult your own broker, financial advisor or tax advisor for their professional assistance. Not all alternatives may be right for you. Not all alternatives may apply to you.

The below table is only for EQ Shareowner Services account holders who are either Tax Resident of the US or Tax Resident Outside the United States (OUS) in a Relevant Territory (as defined by Irish Law).

1. Transfer Your Shares to a Broker	Check with your broker if they support this process and what action to take
2. Continue to hold in Direct Registry at EQ Shareowner Services	Option 1: Pay a one-off fee of $500 for 5 years Go to: GlobeTax eCerts portal. Use the access code MedtronicRSH Option 2: File quarterly with Globetax >> Contact Globetax for more information and prices Option 3: Reclaim >> See below
3. Sell your Shares or Take no action

If you are a Tax Resident Outside the United States (OUS) whom does not reside in a Relevant Territory (as defined in Irish Law), it is likely that you are not exempt from paying the Irish DWT. Check with your tax advisor to see if there are any options that apply to your special situation.

If you do not obtain an exemption from Irish DWT, and are either Tax Resident of the US or Tax Resident Outside the United States (OUS) in a Relevant Territory (as defined by Irish Law), you may apply for a refund:

Direct with IRS	https://www.revenue.ie/en/companies-and-charities/dividend-withholding-tax/refunds-for-non-residents.aspx
With Globetax	Globetax can assist with this process for a fee >> Contact:
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.

HELPFUL WEB RESOURCES

Web Resource	Link
US IRS Form W-9	https://www.irs.gov/pub/irs-pdf/fw9.pdf
US Depository Trust Clearing Company (DTC)	http://dtcc.com/
Ireland Taxes & Duties	http://www.revenue.ie/en/tax/index.html
EQ Shareowner Services	https://www.shareowneronline.com/UserManagement/WFIndex.aspx
GlobeTax	https://ecerts.globetax.com/
Globe Tax Contact Information	Ph Icon: +1-212-747-9100 Email Icon: info@globetax.com(opens new window)

Note: The information contained within this tool is meant to be helpful guidance and is not intended as tax advice. Investors should consult their tax advisor to understand options to address dividend withholding tax issues under Irish law.