Question on payment of DIRT

[Gigi Buffon]

Hello,

I have simple question and wonder if anyone can tell me if this is the case.

INFO:
1) I'm a Payee only employee with no income other than my monthly payslip so normally I don't do a tax return.
2) Yesterday I received a interests payment of about 1800€ from a italian Raisin sponsored bank, where I deposited a sum last year.
No deduction made at source so I will have to pay 33% of 1800€

Is this below correct?

- Differently than CGT tax, I don't have to file or pay anything until October 2025
- In October 2025, once I declare it on myAccount (I still have more than a year to research and learn how to do it) the tax will be automatically taken by adjusting the tax credits or level of tax due, from my payslip.

Is this correct ? Sorry for asking a really simple question but I have no experience with this and the Revenue website doesn't specify it clearly.

Thanks

 

[Protocol]

If you have ever submitted medical expenses, that is making a tax return.

If the interest is earned in 2024, you can submit the Form 12 tax return in 2025, yes.

I suggest not leaving until the Oct deadline.

You submit any claims for tax relief at the same time, e.g. remote working, medical expenses, etc.

Yes, typically, if you owe tax, the Revenue will adjust your tax credits.

You are of course free to pay them directly, instead.

 

[Gigi Buffon]

Thanks a lot Protocol for the feedback...