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**Faith** · 21-05-2012, 23:30

If a person earns a very low amount per year (say, a student with a part-time job), and doesn't earn enough to pay income tax or even the USC, are they still liable for DIRT on savings in a deposit account? I'm confused about whether interest earned is considered income or not, or if there's a way around paying DIRT with such a low income.

srsly78 · 22-05-2012, 10:02

http://www.citizensinformation.ie/en...ntion_tax.html

Only people over 65, or those with a disability can get exemption it seems.

KCTK · 22-05-2012, 10:06

Quote:

Originally Posted by Faith

If a person earns a very low amount per year (say, a student with a part-time job), and doesn't earn enough to pay income tax or even the USC, are they still liable for DIRT on savings in a deposit account? I'm confused about whether interest earned is considered income or not, or if there's a way around paying DIRT with such a low income.

Hi Faith, i'm afraid there is no way around paying DIRT if you are an Irish resident individual unless you are over 65 or permanently incapacitated. No relief for low paid Irish individuals if you do not fall into one of these categories.

http://www.revenue.ie/en/tax/dirt/index.html

**Faith** · 22-05-2012, 13:59

Thanks for the replies. I see the Citizen's Information site says "People not resident for tax" may also qualify for exemption. I will be moving abroad in August, but since I don't currently pay tax, I don't know how to go about confirming that I'm not resident for tax? Do I have to change my address with the bank where my deposit is or something?

nompere · 22-05-2012, 16:07

You will have to satisfy the bank that you are no longer resident here, because it is the bank who will be primarily responsible for penalties if they operate a dirt-free account for a person who is resident here.

It's not only over 65s who can get dirt-free accounts - companies, no matter how big, are entitled to them as well.

**Shane732** · 22-05-2012, 20:10

To be non-resident you must be in the State for less than 183 days in any year or 280 over 2 years.

Are you talking about a lot of DIRT?

srsly78 · 23-05-2012, 09:13

If resident in another country, that other country would probably expect you to pay their own version of deposit tax.

21-05-2012, 23:30	#1
Faith Om nom nom Join Date: Jan 2003 Posts: 10,092 Adverts \| Friends Mod: Food & Drink, Snacks & Sweets	Exemptions from DIRT for very low earners? If a person earns a very low amount per year (say, a student with a part-time job), and doesn't earn enough to pay income tax or even the USC, are they still liable for DIRT on savings in a deposit account? I'm confused about whether interest earned is considered income or not, or if there's a way around paying DIRT with such a low income.

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22-05-2012, 10:02	#2
srsly78 Registered User Join Date: Oct 2010 Posts: 3,758 Adverts \| Friends	http://www.citizensinformation.ie/en...ntion_tax.html Only people over 65, or those with a disability can get exemption it seems.

22-05-2012, 13:59	#4
Faith Om nom nom Join Date: Jan 2003 Posts: 10,092 Adverts \| Friends Mod: Food & Drink, Snacks & Sweets	Thanks for the replies. I see the Citizen's Information site says "People not resident for tax" may also qualify for exemption. I will be moving abroad in August, but since I don't currently pay tax, I don't know how to go about confirming that I'm not resident for tax? Do I have to change my address with the bank where my deposit is or something?

22-05-2012, 16:07	#5
nompere Registered User Join Date: Dec 2006 Posts: 1,018 Adverts \| Friends	You will have to satisfy the bank that you are no longer resident here, because it is the bank who will be primarily responsible for penalties if they operate a dirt-free account for a person who is resident here. It's not only over 65s who can get dirt-free accounts - companies, no matter how big, are entitled to them as well.

22-05-2012, 20:10	#6
Shane732 Moderator Join Date: May 2008 Posts: 3,653 Adverts \| Friends Mod: Taxation	To be non-resident you must be in the State for less than 183 days in any year or 280 over 2 years. Are you talking about a lot of DIRT?

23-05-2012, 09:13	#7
srsly78 Registered User Join Date: Oct 2010 Posts: 3,758 Adverts \| Friends	If resident in another country, that other country would probably expect you to pay their own version of deposit tax.