Stamp Duties Consolidation Act 1999 section 123B

Cash, combined and debit cards

Section 123B imposes an annual stamp duty on cash cards, combined cards and debit cards issued by Irish banks and other financial institutions, charged by reference to the number of ATM cash withdrawals made during the year.

• The duty is charged at €0.12 for each cash transaction at an ATM situated in the State, subject to annual caps of €2.50 per cash card, €2.50 per combined card where only the cash function was used, and €5 per combined card where both functions were used.
• The promoter (a credit institution or financial institution, but not a credit union, An Post or its subsidiaries) must deliver a statement to Revenue within one month of the end of each year and pay the duty due at that time.
• Cards relating to basic payment accounts, unused cards, and cards on deposit accounts with an average daily positive balance not exceeding €12.70 are excluded from the statement.
• A promoter may pass the duty on to the account holder, and a card already chargeable to stamp duty as a credit card or charge card under section 124 is not chargeable again under this section.