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Transferring money from Spanish bank to Irish Bank

  • 29-12-2021 2:08pm
    #1
    sasejo8552
    Registered Users Posts: 2 ✭


    Hi,

    I worked in Spain for 2 years, this was my first job in EU, then I moved to Ireland and worked here for 1 year.

    I transferred all my salary earnings from Spain to Ireland AIB bank, around 30k. Do I need to pay any tax, declare anything in Ireland, or do something else here?

    Tagged:


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,457 ✭✭✭✭Victor


    Have you previously lived in Ireland or the UK?



  • #3
    sasejo8552
    Registered Users Posts: 2 ✭sasejo8552


    https://www.boards.ie/discussion/comment/118388381#Comment_118388381

    No, never, I lived in South America before, then I moved to Spain and got my Italian citizenship then I found a job in Spain. The only country in EU I lived before going to Ireland was Spain.



  • #4
    Victor
    Registered Users, Registered Users 2 Posts: 78,457 ✭✭✭✭Victor


    No tax. Nothing should arise, although Revenue at some point may ask "Where did that money come from?" to which you reply "From my savings when I worked in Spain" (or whatever) and show them bank statements and pay slips.

    Having €30,000 in your current account might not be a good idea. Transferring some to a savings account or a pension (big tax break) might be a good idea.



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