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35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647

P.R.S.I. on your Deposit Interest

If you are lucky enough to be making interest on your hard earned savings, then you are unlucky enough to be paying 41% DIRT on such interest.

Portrait of a pretty young woman with a look of shock on her face

From 01.01.2014 you must also pay P.R.S.I. on this interest at 4%. You may have thought this was being deducted by the banks but in fact you must make a tax return through the self assessment system to do so…

This basically means filing a tax return through the ROS system.

To ensure you are tax compliant and avoid any penalties or interest building up contact us today for a chat on this matter.

Tel Jason on 0874199204 or email jason@mcdowellaccountants.ie

 

 

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