End of following month
Payment of tax deducted from employees salary (PAYE)
Payment of special contribution for defence on dividends and interest
received in the preceding month.

30 January
Final deadline for the avoidance of penalty of 5% for the payment of
corporation tax based on the tax return of the penultimate year, if not paid
on 1 August of previous year.

31 January
Submission of declaration of deemed dividend distribution (IR623) for the
year ended 31 December two years ago.

30 April
Submission of the previous year personal returns of individuals where
their gross income arises exclusively from salaried services (1).

Payment of premium tax for life insurance companies - first instalment for
the year.

Submission by employers of the total payroll of the previous year (Form
I.R.7).

Payment of special contribution for defence for the first six months of the
year.

1 August
Submission of provisional tax declaration and payment of first instalment
of provisional tax for the year.

Payment of previous year’s final corporation tax under the self assessment
method.

Payment of previous year’s income tax under the self assessment method
by individuals preparing audited financial statements (2).

31 August
Payment of premium tax for life insurance companies - second instalment
for the year.

30 September
Payment of provisional tax - second instalment for the year.

Payment of immovable property tax for the year.

31 December
Submission of previous year tax returns (2).

Payment of provisional tax - third and last instalment for the year.

Payment of special contribution for defence for the last six months of the
Year.

Payment of premium tax for life insurance companies - third and last
instalment for the year.

Interest and Penalties

The official rate as set by the Finance Minister, is 8% per annum for all
amounts due after 1 January 2007. The interest rate for outstanding
amounts before 1 January 2007 is 9%.

In addition to the interest, a penalty is also charged depending on the
circumstances.

Notes
(1) Physical persons submit returns only when their gross income
Exceeds €19.500.

(2) A physical person is obliged to submit audited financial statements if
his/her turnover exceeds €68.344 annually.

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