GSD (Government Stamp Duty) is a Government levy charged to credit card accounts annually in April (covering the preceding year) and on account closure. Please be advised that this is a Government levy.
Revenue have amended the charging period to bring it in line with the calendar year. This will mean that GSD on credit cards will be charged on the 1st January 2024 in arrears.
To facilitate the change and a shorter chargeable period (2 April 2023 to 31 December 2023), a reduced GSD of €22.50 will be charged on the 1st January 2024. If you close your card during this period (2nd April 2023 to 31st December 2023) you’ll be charged €22.50 on closure.
From 1st January 2024, GSD for credit cards will revert back to €30 and you’ll be charged on the 1st January 2025.
If you require any further information on the Government Stamp Duty, please contact the Revenue Commissioners on 01 738 3646. Alternatively all relevant legislation can be located on the www.revenue.ie website.