Revenue eBrief No. 124/24
15 April 2024
Deduction of Tax from Interest Payments by certain deposit takers
Tax and Duty Manual Part 08-04-01 has been updated to provide that deposit interest arising on the following deposits can be paid without deduction of Deposit Interest Retention Tax [DIRT]:
- a deposit that is solely in respect of a general payment, and work related payment if applicable, under the Mother and Baby Institutions Payment Scheme, and
- a deposit that is solely in respect of monies that are beneficially owned by a Pan European Pension Product.