Dáil Éireann Debate, Tuesday - 28 February 2017
254. Deputy Michael McGrath asked the Minister for Finance to set down the number of banks and financial institutions that paid the bank levy in 2015 and 2016; the number of such institutions that are domestically owned; the number which are non-Irish headquarters; and if he will make a statement on the matter. [10380/17]
Amharc ar fhreagraSection 126AA of the Stamp Duties Consolidation Act 1999 applies to holders of banking licences and building societies in 2011 that collected and paid over more than €100,000 in Deposit Interest Retention Tax (DIRT) in that year. The section provides for a bank levy, equal to 35% of the amount of DIRT paid in 2011. The bank levy applies for a three year period covering the years 2014 to 2016.
I am informed by the Office of the Revenue Commissioners that a total of ten financial institutions are registered to pay the bank levy. Four of the ten are domestically owned. The ultimate parent company of the remaining six institutions is outside of the State.
