Tax on foreign deposit account

[billdavies63]

I hope to open a German account with 100k. I have two questions please: 1. I understand the German bank will not deduct tax at source. I prefer to pay tax on interest in Ireland. Is it levied at DIRT rate - or what?

2. Suppose Ireland leaves the Euro and devalues new currency by, say, 40%. Will I have to pay Capital Gains Tax if I repatriate my savings?

 

[Lightning]

1) You will need to declare your German interest to the revenue. You will pay 27% tax on this in most but not all cases.

2) Nobody knows for certain. Unlikely.