If you are not ordinarily resident and you do not remit the interest into ireland then you are not liable for tax.
If you intend to remain for some time and think at some stage you might need to remit money from an overseas account into Ireland then make sure the paper trail clearly shows that you are remitting capital rather than interest. This can be done by having your interest paid into a separate account. If your interest is paid into the same account and you remit any money from that account during a year that interest has been added, the revenue will deem the money remitted to be interest first and not capital. the difference being that capital transfers are not taxable but interest is income and is taxed on a remittance basis.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?