Regulated savings accounts have a separate tax status for the income received from savings (the interest they generate). Each person is allowed a certain amount of interest tax free.
In 2021 you can have up to and including €980 per person interest without paying any withholding tax. If your interest is greater than this, you will pay a withholding tax of 15%.
Which tax rate applies to my savings account? Print
Modified on: Wed, 10 Feb, 2021 at 10:36 AM
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