Jack Wall (Kildare South, Labour)
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Question 64: To ask the Tánaiste and Minister for Finance the reason a person (details supplied) in County Kildare is paying DIRT tax on an income when their combined income does not exceed their tax credit; and if he will make a statement on the matter. [8223/08]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I have been advised by the Revenue Commissioners that DIRT is payable on investment income, regardless of the amount of tax credits available to a taxpayer unless the individual is 65 years of age or over or is permanently incapacitated, and their total income (including the gross DIRT income) is less than the relevant exemption limit.

Based on the limited information supplied, the taxpayer is under 65 years of age and is single. On reaching the age of 65 and provided the taxpayer's total income for the year is below the annual exemption limit, currently €20,000 for a single person, the taxpayer may apply directly to their Financial Institution to have interest arising on the investment account payable without deduction of DIRT. The application is made by completion of Form DE1, available from all Financial Institutions, from some Citizens' Information Centres, from any Revenue Office or by phoning LoCall 1890 306 706.