Stamp Duties Consolidation Act 1999 section 123A

Debit cards

Section 123A imposed a stamp duty of €10 on each debit card issued by a bank or building society, for accounting periods ending on or before 31 December 2005.

• A €10 stamp duty applied to each debit card valid during a bank or building society's accounting period.
• The bank or building society was liable for the duty and had to file a statement with the Revenue Commissioners within one month of the due date (two months for 2002).
• Cards that were unused, attached to low-balance deposit accounts, or replacements for cards already stamped were exempt.
• The duty could be passed on to the cardholder, and the provision was repealed and replaced by section 123B for later periods.