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Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Author: Oliver Niland

Additional PRSI of 4% on interest earned

Additional PRSI of 4% on interest earned

If you receive more than €3,174 per annum in deposit interest, dividend income, rental income or any other investment income (i.e. any income that is not either wages, pension or social welfare) you will be deemed to be a “chargeable person”. The consequences of this is that you are required to register for income tax,…

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Tax on deposit Interest

Tax on deposit Interest

DIRT of 41% on deposit interest earned   The DIRT or deposit interest retention tax that is taken off any interest earned has been increased to 41% from 33% from the 1st January 2014 (an increase of  25%) Tip: > Look into state savings bonds and installment savings as they do not incur DIRT and…

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