DIRT decrease to 39% From January 1st 2017

The government charge a tax on the interest you receive on savings. This tax is known as  Deposit Interest Retention Tax or DIRT for short.

Back in 2002 the rate of DIRT was 20%. It was then increased over the following years up to 41% in Jan 2014 in an attempt to try and encourage people to spend rather than save money.
This year , Budget 2017 announced the first reduction in DIRT since it was introduced – and from Jan 1st 2017 it is now at 39%. The plan is to drop it by 2% each year for 4 years until it is back down to  33%

History of DIRT Rates in Ireland

  • 41% from 1st January 2014 to 31st December 2016
  • 33% from 1st January 2013 to the 31st December 2013
  •  30% from the period 1st January 2012 to the 31st December 2012
  •  27% from 1st January 2011 to the 31st December 2011
  •  25% from 8th April 2009 to the 31st December 2010
  •  23% from 1st January 2009 to the 7th April 2009
  •  20% from 1st Janury 2002 to the 31st December 2008.