Three SSIA-holders win appeal against Revenue

The Revenue has handed back the tax it deducted from three holders of Special Savings Incentive Accounts (SSIAs) who had been suspected of breaching scheme rules.

3rd February, 2007

The Revenue has handed back the tax it deducted from three holders of Special Savings Incentive Accounts (SSIAs) who had been suspected of breaching scheme rules.

The three individuals appealed their cases to the Revenue after being hit with a special 23 per cent tax that wiped out the government bonus of €1 for every €4 they had saved over the course of the five-year scheme.

The Revenue has received a total of 15 appeals from...

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