Deposit Interest Retention Tax Query (DIRT)

P

Paddyo

Registered User
Messages
17
Hi
Not sure if this is the correct forum - please it move if not.

Is a deposit account belonging to a national school liable for DIRT. I am on the board of a school and we have a sizable amount of money in a deposit account and we have been charged DIRT on the interest.

Just wondering if the schools come under some sort of charitable status?

Many thanks
Paddyo
 
Last edited:
Re: Dirt

You will be more likely to get appropriate responses if you read and comply with the posting guidelines, including -
 
Hi mathepac

Maybe you can explain to me why I need to look at guideline 3?

Thank you
Paddyo
 
It's not a general tax exemption, so the question is has your particular school applied to the Revenue for exemption from income tax?
There will be a CHY number, if so, which should be quoted to the bank. If registered, the school should be exempt from DIRT.
 
You must log in or register to reply here.
Menu
Log in
Register