Revenue has published a new Tax and Duty Manual to provide guidance on the reporting obligations under section 895 TCA 1997 for Irish resident individuals and companies who open a foreign account. Guidance is also provided for agents or financial intermediaries who facilitate the opening of a foreign account by an Irish resident individual or company.
This manual incorporates information previously contained in Tax and Duty Manual regarding accounts liable to deposit interest retention tax, company, pension scheme and PEPP provider deposits, which has been updated accordingly.