On Dec. 11, IRE GVT announced credit union fund stabilization levy.
IRE GVT published the Credit union fund (stabilisation) levy regulations 2024 (StIn 684/2024), which was signed into law on Dec. 5, 2024.
Follows IRE GVT Dec. 2023 stated 2024 levy is 0.001441% of assets, see #194057.
Overview
Rate of levy: Each credit union to which these regulations apply shall pay a credit union levy in respect of the levy period to the Minister for the account of the credit union fund at the rate of 0.001384% of the total assets of the credit union.
The regulations apply to every credit union that is a credit union on Jan. 1, 2025.
Effectiveness
Each credit union to which these regs apply that is liable to pay the credit union levy under these regs shall make payment to the Minister not later than Feb. 28, 2025.
