Revenue has published a new guide on the Taxation of Deposit interest which provides details on the income tax liabilities arising on domestic and foreign sourced deposit interest income, including the relevant tax rates and reporting obligations.
The guide outlines details on the taxation of interest through the application of Deposit Interest Retention Tax (DIRT) as well as the tax treatment of interest where tax has not been deducted at source. Details of relief for foreign tax suffered on deposit interest are also provided.
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