Finance Act 2018

Chapter 3

Income Tax

Amendment of section 15 of Principal Act (rate of charge)

3. As respects the year of assessment 2019 and subsequent years of assessment section 15 of the Principal Act is amended—

(a) in subsection (3)(i), by substituting “€26,300” for “€25,550”, and

(b) by substituting the following Table for the Table to that section:

“TABLE

PART 1

Part of taxable income

(1)

Rate of tax

(2)

Description of rate

(3)

The first €35,300

20 per cent

the standard rate

The remainder

40 per cent

the higher rate

PART 2

Part of taxable income

(1)

Rate of tax

(2)

Description of rate

(3)

The first €39,300

20 per cent

the standard rate

The remainder

40 per cent

the higher rate

PART 3

Part of taxable income

(1)

Rate of tax

(2)

Description of rate

(3)

The first €44,300

20 per cent

the standard rate

The remainder

40 per cent

the higher rate

”.