Opening a foreign bank account ?

Opening a foreign bank account

If you open a foreign bank account you are required to file an income tax return Form 11 with Revenue for the year in which you opened the foreign bank account

If you open a foreign bank account on 27th November 2017 you have to register for income tax as a self assessed person and file a Form 11 tax return by the 31st October 2018.

Your Form 11 tax return must give details of:

1. the name and address of the financial institution that your account is located in
2. the date you opened the account
3. the amount of money you lodged to open the account
4. any person or company in Ireland that helped you in opening the account.

Any queries on same please do not hesitate to contact me on 091 763817 or email me at oliver@taxreturnhelp.ie