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About: Deposit interest retention tax     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Tax113308999, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatWithholdingTaxesyago:Abstraction100002137yago:Charge113400798yago:IncomeTax113310230yago:Levy113308864yago:Liabilities113396054yago:Possession100032613yago:Relation100031921yago:WithholdingTax113311368yago:Tax113308999 New Facet based on Instances of this Class

Deposit interest retention tax (DIRT) is a form of tax on interest earned on bank accounts in Republic of Ireland that was first introduced in the 1980s. In Ireland, income from any source is reckonable for taxation purposes. The Revenue Commissioners believed that the large majority of interest earners were declining to report it and that the most efficient method to collect at least the basic rate tax would be to deduct it at source. After PAYE, it was Ireland's second experience of a withholding tax.