Deposit Interest Retention Tax (DIRT)
Deposit takers must deduct the tax on interest paid, this tax is commonly referred to as DIRT.
A deposit taker is:
- 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
- a credit union
- the Post Office Savings Bank.
Financial institutions are required to report to Revenue certain information each year in accordance with: