Dear All,
How do you treat taxation of interest received in a foreign bank account?
The tax on this interest has been paid in the foreign country. There is a double taxation agreement with Ireland. How do I treat this in my Irish returns?
Any insight welcomed greatly.
Example:
Interest received on foreign account: 5.00
Tax paid: .50
Do I pay DIRT on the €5.00 and allow a credit of .50?
Or do I pay DIRT on the €4.50?
Many thanks.
How do you treat taxation of interest received in a foreign bank account?
The tax on this interest has been paid in the foreign country. There is a double taxation agreement with Ireland. How do I treat this in my Irish returns?
Any insight welcomed greatly.
Example:
Interest received on foreign account: 5.00
Tax paid: .50
Do I pay DIRT on the €5.00 and allow a credit of .50?
Or do I pay DIRT on the €4.50?
Many thanks.