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Foreign Bank Accounts & Salaries

  • 11-03-2012 02:05PM
    #1
    Randomness
    Registered Users, Registered Users 2 Posts: 256 ✭✭


    Hi everyone,

    Would really appreciate help on this, have no idea how the whole thing works.

    a) I spent some time in an EU member state and set up a bank account there (wasn't earning, only transferred money into the account from Irish account to get by/ pay bills), when I left I never closed the account because it could be useful in the future if I return to work there.

    b) I have been working for the EU in another member state and have a bank account there as well - similarly have left and haven't closed my account because I may need it in the future.

    My first question is -

    1) Do I have to declare these foreign bank accounts in Ireland or how does that work, bank account (a) has barely nothing in it and bank account (b) won't have much in it when I transfer the money I earned back to my Irish account soon.

    2) In terms of tax how does the whole thing work, I was working for the EU so I was told that I pay the community tax at source and then don't pay anything to my national government?

    Any help at all would be much appreciated!


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