Who is exempt from DIRT?

Who is exempt from DIRT?

Deposit interest retention tax is currently charged at 37% for 2018 and will be 35% for 2018

You can receive interest without paying DIRT (DIRT-free account) in certain conditions. To do this, you must complete a declaration form stating that you, your spouse or civil partner are:

1. 65 years of age or over when making the declaration. Your total income for the year, including the interest, must be below the annual exemption limit.
2. permanently incapacitated due to a physical or mental disability.

DIRT is not charged on interest from the accounts of:

1. individuals who meet all of the following conditions:
   1. are not resident in Ireland
   2. have completed a non-resident declaration
   3. do not pay tax in Ireland
   4. do not have a joint account with an Irish resident.
2. companies that pay Corporation Tax
3. Revenue-approved pension schemes
4. charities.

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