TAX TIP: DEPOSIT INTEREST, DIRT & THE LEVIES
18
Aug, 2010
DIRT deducted at the standard rate of tax by Irish financial institutions satisfies the individual’s full liability to income tax on the interest income but this income must be disclosed in the individual’s return. The health levy of 2%/2.5% is also payable on interest income. The Income Levy does not apply to EU sourced deposit interest
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