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Tax Code

Dáil Éireann Debate, Thursday - 4 April 2019

Thursday, 4 April 2019

Ceisteanna (68)

Eamon Scanlon

Ceist:

68. Deputy Eamon Scanlon asked the Minister for Finance if persons aged 66 years of age and over are exempt from paying the €30 levy per credit card and DIRT; and if he will make a statement on the matter. [15980/19]

Amharc ar fhreagra

Freagraí scríofa

I am advised by Revenue that there is no age-related exemption from the annual €30 levy that applies to credit card accounts. The charge is applied to an account regardless of the number of credit cards issued to the account.

I am also advised by Revenue that individuals are exempt from Deposit Interest Retention Tax (DIRT) on their interest income where they, or their spouse or civil partner, are aged 65 or over and their total income in a year (including the deposit interest) is below the annual exemption limit. For 2019 the exemption limits are €18,000 for a single individual and €36,000 for a married couple or civil partners.

The DIRT exemption does not automatically apply but must be claimed by making a declaration (on form DE1) to the financial institution where the account is held. This declaration states that a person’s income is less than the exemption limit and that the financial institution will be notified if this position changes. In the absence of this declaration, a financial institution is obliged to deduct DIRT. However, in any case where DIRT is deducted from the interest income of an individual who would have qualified for the exemption, he or she is entitled to claim a refund of that tax.

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