Credit card tax added €60m to state coffers

Credit card holders paid €60m in taxes on their cards last year.

Credit card holders paid €60m in taxes on their cards last year.

€40 per card is charged in stamp duty every year, but new regulations coming into effect shortly mean customers can change cards without paying the tax twice.

€23m was also raised in taxes on ATM and Laser debit cards.

But the Irish Bankers' Federation says it understands these taxes will be scrapped later this year.

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