?What business is it of the Irish tax man?
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Foreign Deposit Accounts
Q.1 I hold an account with a financial institution outside the State and interest is earned on the monies invested. Is the interest liable to Irish tax?
A. Yes. Income Tax is payable on foreign deposit interest income. Such tax is payable under Self Assessment within what is known as the Pay and File system...
What business is it of the Irish tax man?
I would be more concerned about the French tax system.
From my point of view, if you already have a foreign bank account - use it! I currently work in Malaysia, and as I have an account in a Malaysian bank, I took the opportunity to shift some of my savings here. The rest is in an NIB account.I do actually think that it's a good idea to transfer some of your money into your French account, just to spread the risk.
if you declare your deposit interest earned in 2010 within another EU country by the tax deadline in 2011 then you only pay DIRT on that money to the Irish Revenue. If you miss the dealine then you owe Income tax at your marginal rate.
Not sure the deadline, sorry
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