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Revenue changes the collection of stamp duty on credit cards to July

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Revenue has confirmed that the stamp duty on credit cards will not be collected until 1 July 2020.

Generally, financial institutions collect the stamp duty from credit card accounts on 1 April each year. The stamp duty due on credit cards is €30 per year per credit card account. Following Minister Donohoe’s announcement today, the collection of stamp duty from credit card accounts has been deferred to 1 July 2020.

Individual credit card account holders do not need to take any action. The collection date will be changed automatically by financial institutions.