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Deposit Interest

  1. Overview
  2. How do you declare Deposit Interest?
  3. What DIRT rate is applicable?
  4. Who is exempt from DIRT?
  5. Changes to the status of DIRT-free accounts
  6. Can you claim a DIRT refund?
  7. Non-resident account holder
  8. Foreign deposit income

Overview

Deposit Interest Retention Tax (DIRT) is deducted by Irish financial institutions from deposit interest paid or credited to the accounts of Irish residents.

The financial institutions include:

  • a licensed bank of any of the European Union (EU) Member States
  • a building society of any of the EU Member States
  • a trustee savings bank
  • the Post Office Savings Bank
  • and
  • a credit union.

DIRT is a final liability tax, meaning that the financial institution deducts the tax before they pay you the interest. You can request a statement from your provider of the amount of DIRT they deducted.

In some circumstances, you may also have to pay Pay Related Social Insurance (PRSI) on the interest you received. Universal Social Charge (USC) does not apply to deposit interest.

Next: How do you declare Deposit Interest?

Published: 15 October 2024 Print this page

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