Opening a foreign bank account ?

I have opened a foreign bank account. Does this give rise to any tax obligations?

In any year in which you open a foreign bank account you are a ‘chargeable person’. This means that you are required to file a tax return in which you must declare, among other things, the name and address of the financial institution where the account is located, the date on which the account was opened, the lodgement made to open the account and details of any intermediary (individual or company) in Ireland who assisted you in opening the account.

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie