The normal deposit interest retention tax (DIRT) rate applied to deposit interest earned by individuals in 2020 is:

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Prepare for the Qualified Financial Adviser Exam 2 with flashcards and multiple choice questions, complete with hints and explanations. Get exam-ready and increase your confidence with our comprehensive study materials!

Multiple Choice

The normal deposit interest retention tax (DIRT) rate applied to deposit interest earned by individuals in 2020 is:

Explanation:
DIRT is the tax on interest earned from deposit accounts for individuals in Ireland. It is deducted at source by the bank, so the interest you receive is after this tax has been taken off. For 2020, the standard rate applying to individual deposit interest was 33%. This means that 33% of the gross interest is withheld as DIRT before you are paid. Rates can change from year to year, but in 2020 the rate was 33%.

DIRT is the tax on interest earned from deposit accounts for individuals in Ireland. It is deducted at source by the bank, so the interest you receive is after this tax has been taken off.

For 2020, the standard rate applying to individual deposit interest was 33%. This means that 33% of the gross interest is withheld as DIRT before you are paid. Rates can change from year to year, but in 2020 the rate was 33%.

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