Credit Card Stamp Duty Delayed 2020

Revenue delay the collection of stamp duty on credit cards.

Because of the ongoing Covid-19 crisis , Minister for Finance, Paschal Donohoe said he would defer the collection of stamp duty on credit cards.

Revenue has confirmed that the stamp duty on credit cards will not be collected until 1 July 2020.

Generally, financial institutions collect the €30 stamp duty from credit card accounts on 1 April each year.

Individual credit card account holders do not need to take any action. The collection date will be changed automatically by financial institutions.

It looks like the banks are still making their own charges on current accounts. No mention of suspending them.

I you are wondering how to reduce bank charges – take a look at our comparison of current account charges in Ireland