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The following tables show the tax rates, rate bands and tax reliefs for the tax year 2024 and the previous tax years. Calculating your Income Tax gives more information on how these work. Note: The increase in the rate band is capped at the lower of €33,000 or the income of the lower earner.
- Calculating Your Income Tax
To calculate your Income Tax, you will need to understand...
- Calculating Your Income Tax
All individuals are liable to pay the USC if their gross income exceeds the thresholds of €13,000 p.a. (€250 per week) in 2022 and 2023. 2% if aggregate income is €60,000 or less; 4.5% if aggregate income exceeds €60,000. Notes: (i) “Relevant income” is basically self-employment income and almost all forms of income that are not subject to PAYE.
23 paź 2020 · These tables provide a breakdown of Incomes and Liabilities by Income for different classifications of Taxpayer and types of Income, including gross income, USC income, Taxable income and Net income.
* The reduced 9% rate of VAT is due to expire on 01 March 2023.
The 2023 rates and bands of income tax are as follows: 20 per cent rate on income within the standard rate band, and 40 per cent rate on income in excess of the standard rate band.
Income Tax is the largest tax-head, representing 38 per cent of net tax receipts in 2023. Gross receipts of €35.2 billion were collected in 2023. Following repayments of €2.3 billion, the net transfer to the Exchequer in the year was €32.9 billion, a 7 per cent increase from 2022.
Review the latest income tax rates, thresholds and personal allowances in Ireland which are used to calculate salary after tax when factoring in social security contributions, pension contributions and other salary taxes in Ireland.
