Withholding Tax?

[tiarnalamh]

I have several deposit accounts with Raisin. I have chosen deposit accounts with a lesser interest rate, because there is no withholding tax and I don't know the rules around that particular tax. If I chose a higher interest rate, that involves a withholding tax, from one of those accounts, can I just subtract the withholding tax from my Dirt tax, in doing my returns? Or is there more to it than that?

 

[Corola]

In your tax return, you'll enter the gross amount of interest received and any tax deducted.

The tax already deducted will reduce the DIRT you owe.

 

[jpd]

The Withholding tax is only allowed against your DIRT up to the limit stipulated in the Double Taxation Treay with the country in question. In most of the EU this is 15%

If the Withholding Tax is more than 15% then you have to reclaim the amount above 15% from the other country's tax service