Hi All,
Lets say I invest into one of the many mentioned deposits on this website where DIRT is not deducted at source. Lets say I am on the highest rate of income tax 50%+.
If I declare the interest in my tax return and pay the DIRT @ 33%, does this classify as income and do I owe additional taxes to bring me up to 50% + (USC,PRSI & Income Tax)
Or is the payment of DIRT kept separate to my income tax return. I will get the accountant to complete at the end of the year, but want to clarify before I look further into the any deposits outside of Ireland where DIRT is not deducted at source.
Many Thanks
Lets say I invest into one of the many mentioned deposits on this website where DIRT is not deducted at source. Lets say I am on the highest rate of income tax 50%+.
If I declare the interest in my tax return and pay the DIRT @ 33%, does this classify as income and do I owe additional taxes to bring me up to 50% + (USC,PRSI & Income Tax)
Or is the payment of DIRT kept separate to my income tax return. I will get the accountant to complete at the end of the year, but want to clarify before I look further into the any deposits outside of Ireland where DIRT is not deducted at source.
Many Thanks