Tax assessment - Schedule D income

F

fistophobia

Registered User
Messages
413
I got my tax assessment from Revenue.
They are taxing me 40% rate on schedule D income, "non-EU deposit interest self"
Does this sound correct?
I returned the income as, foreign dividends.
 
If it was interest you received; why did you report it as dividends? Dividends are taxed at your marginal rate. Why didn't you declare it as non EU deposit interest in your tax return?
 
It was returned as Foreign dividend income.
Anyway, since when is non-EU deposit interest taxed at 40% ?
I have asked R. to review my tax return.
 
I think you are missing the point. Interest and dividends are taxed differently. There are separate sections of the tax return for the them. If you have received interest then you should have reported it as interest not dividends.
 

Foreign deposit income

This page provides information on income tax on foreign-sourced deposit interest income.
www.revenue.ie
 
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