Capital Acquisitions Tax (CAT) is sometimes also known as Inheritance Tax in Ireland. Capital Acquisitions Tax is a tax charged on money or property that is gifted to, or inherited by, someone.Some people also refer to it as the Gift Tax.The recipient is responsible for the tax on the gift or inheritance. This is different […]
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Budget 2022 Details of Changes The 2022 Budget was announced on October 12th 2021. We will update this post with any news of Budget 2022 as we hear it and it will be updated on Budget day (Oct 12th) as changes are announced. Updated Oct 13th Income Tax It was promised in the Program for […]
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Value Added Tax (VAT) is a tax that is levied on the sale of most goods and services in Ireland. Listed below are the current VAT rates in Ireland in 2021 . The standard rate of VAT. The standard VAT rate in Ireland since March 1st 2021 is 23% (In September 2020, the standard rate of VAT […]
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In Ireland, the government charge a tax on the interest you receive on savings accounts in Ireland.This tax is known as Deposit Interest Retention Tax or DIRT for short. The rate of DIRT in 2021 is 33% It has been this rate Since January 1st 2020 Banks deduct DIRT automatically from the interest paid on […]
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Is The Pandemic Unemployment Payment Taxable? Yes, Revenue has confirmed that it will treat the PUP Pandemic Unemployment Payment as taxable income . Jobseekers Benefit is taxable and has been for years. We expect the taxation of the Covid unemployment payment to be done in a similar way. PUP is NOT liable to USC or […]
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