Revenue & Dirt Tax

flakey

Registered User
Messages
18
Can anyone clarify something for me please? If you have savings and receive interest net of Dirt, are in the higher tax bracket, are you then liable for income tax on the balance of interest received (21%)? According to all information sites, banks etc, you are not, however, when you do your return you are asked for details of Interest received and Dirt paid. Am a bit confused as to whether there is a further liability. Any information is appreciated.
 
You don't have to pay income tax on it but you have to declare the gross amount.

If the gross amount is above about €3,175 you should use a form 11 as far as I know and it may be liable for prsi/health levy.

DIRT before Jan 1st was 20%. Since then it's 23%. It isn't also liable for the 1% income levy.
 
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