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Chapter 3
Income Tax
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Amendment of section 15 of Principal Act (rate of charge)
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3. As respects the year of assessment 2018 and subsequent years of assessment section 15 of the Principal Act is amended—
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(a) in subsection (3)(i), by substituting “€25,550” for “€24,800”, and
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(b) by substituting the following Table for the Table to that section:
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“TABLE
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PART 1
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Part of taxable income
(1)
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Rate of tax
(2)
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Description of rate
(3)
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The first €34,550
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20 per cent
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the standard rate
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The remainder
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40 per cent
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the higher rate
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PART 2
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Part of taxable income
(1)
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Rate of tax
(2)
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Description of rate
(3)
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The first €38,550
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20 per cent
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the standard rate
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The remainder
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40 per cent
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the higher rate
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PART 3
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Part of taxable income
(1)
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Rate of tax
(2)
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Description of rate
(3)
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The first €43,550
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20 per cent
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the standard rate
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The remainder
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40 per cent
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the higher rate
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”.
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