| Personal Income Tax Rates (No change) |
| |
At 20% |
At 41% |
| |
First |
|
| Single Person |
€36,400 |
Balance |
Married Couple
(One Income) |
€45,400 |
Balance |
Married Couple
(Two Income)* |
€ 72,800 |
Balance |
One Parent/
Widowed Parent |
€ 40,400 |
Balance |
| *Subject to max transferable of € 45,400 |
| |
| Income Levy |
| |
% |
Income |
| Income Levy |
2.00 |
Up to €75,036 |
| |
4.00 |
€ 75,037 to € 174,980 |
| |
6.00 |
Income > € 174,980 |
| * Individuals with aggregate income below € 15,029 are Not subject to this Income Levy. |
| |
| Personal Tax Credits (No Change) |
| Single Person |
€ 1,830 |
| Married Couple |
€ 3,660 |
| Additional One Parent Credit |
€ 1,830 |
| Employee Credit |
€ 1,830 |
| Home Carer |
€900 |
| Rent - Single & under 55 years |
€400 |
| |
| Home loan interest on principal private residence |
| The relief is granted at source |
| |
| First time buyers (for years 1 - 2) |
| Married Couple |
Lower of € 4,500 or 22.5% of interest paid |
| Widowed Person |
Lower of € 4,500 or 22.5% of interest paid |
| Single Person |
Lower of € 2,250 or 22.5% of interest paid |
| |
| First time buyers (for years 3 - 5) |
| Married Couple |
Lower of € 4,500 or 22.5% of interest paid |
| Widowed Person |
Lower of € 4,500 or 22.5% of interest paid |
| Single Person |
Lower of € 2,250 or 22.5% of interest paid |
| |
| First time buyers (for 6 - 7) |
| Married Couple |
Lower of € 4,000 or 20% of interest paid |
| Widowed Person |
Lower of € 4,000 or 20% of interest paid |
| Single Person |
Lower of € 2,000 or 20% of interest paid |
| |
| Other Mortgages |
| Married Couple |
Lower of € 900 or 15% of interest paid |
| Widowed Person |
Lower of € 900 or 15% of interest paid |
| Single Person |
Lower of € 450 or 15% of interest paid |
| Mortgage interest relief will be discounted for any mortgage interest payments made from 1 May 2009 on mortgages taken out over seven years ago. |
The relief will continue to be available on interest payments made for First seven years of any qualifying loans taken from 1 May 2009.
|
|
| PRSI Contribution |
| |
% |
|
| Employer |
10.75 |
No Limit* |
| Single Person |
8.50 |
If income is €365 p/w or less |
| Employee (class A1) |
|
| PRSI |
4.00 |
on first €75,036** |
| Health Levy |
4.00 |
Income up to €75,036*** |
| |
5.00 |
Income > € 75,036 |
| * |
Includes training levy of 0.7% |
| ** |
Employees earning €352 or less p/w are exempt from PRSI.In any week in which an employee is subject to full Rate PRSI, the first €127 of weekly earnings are disregarded |
| *** |
Employees earning € 500 p/w or less And medical cardholders exempt. |
| |
| Self-employed PRSI |
| RSI |
3.0 |
No Limit* |
| Health Levy |
4.0 |
Income up to €75,036 |
| |
5.0 |
Income > €75,036 |
| *Minimum annual PRSI contributions is €253 |
| |
| Capital Gains Tax |
| Rate |
25% |
| Annual exemption |
€1,270 |
| *Effective for disposals made from 08 April 2009 |
| |
| Capital Acquisitions Tax |
| Rate |
25% |
| Thresholds: |
|
| Group A |
€434,000* |
| Group B |
€43,400* |
| Group A |
€21,700* |
| Group A |
€434,000* |
| *Effective for gifts and inheritances taken from 8 April 09 |
| |
| Corporation Tax Rates |
| Standard Rate |
12.50% |
| Incentive Rate |
10%* |
| Residential Land, not fully developed |
25%** |
| Non-Trading Income Rate |
25% |
| *Companies entitled to the 10% CT rate retain until 2010 |
| **Applies to any profits arising on or after 1 Jan 2009 |
| |
| Value Added Tax ( no change) |
| Standard Rate/Lower Rate |
21.5%/13.5% |
| Flat rate for unregistered farmers |
5.20% |
| |
| Stamp Duty Residential Property |
| No Change in rates but new trade in relief was introduced |
| |
| Stamp Duty commercial property (No Change) |
|
