Hi, recently returned to Ireland after many years away and I am receiving interest from a loan I gave to a company as a director. Its not a deposit as such, it a risk based loan to a company.
On Form 11, annual Tax return, there is a place to state the Foreign Income received. Witholding tax is not taken in the foreign country. So money arrives ready to be taxed.
"Income from all other Foreign Non-Deposit Interest, Royalties, Annuities, Dividends, etc. on which no foreign tax deducted" is the term on Form 11. Assuming no other income, what tax rate would apply to the interest. I cannot find much specifics about it.........Any ideas anybody, seems a mystery?
On Form 11, annual Tax return, there is a place to state the Foreign Income received. Witholding tax is not taken in the foreign country. So money arrives ready to be taxed.
"Income from all other Foreign Non-Deposit Interest, Royalties, Annuities, Dividends, etc. on which no foreign tax deducted" is the term on Form 11. Assuming no other income, what tax rate would apply to the interest. I cannot find much specifics about it.........Any ideas anybody, seems a mystery?