A review on the comparisons and tax treatment of DIRT and LAET – Department of Finance

Tue Jan 8 2019

Attached below is a link to the Department of Finance’s report which compares financial products subject to Deposit Interest Retention Tax (DIRT) and Life Assurance Exit Tax (LAET).

Attention has been drawn to the differential treatment in terms of the rates of tax applied to DIRT and LAET by interested parties, including the broader insurance industry. It has also been raised during Finance Bill debates in 2016 and 2017. The issue was considered by the TSG in
2017 and this paper expands on the issue in more detail.

The paper provides an overview of both DIRT and Life Assurance Exit Tax; a comparison between the products subject to DIRT and LAET; and finally draws conclusions as regards to the comparability of the products.


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