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Chapter 3
Income Tax
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Amendment of section 15 (rate of charge) of Principal Act.
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4.— As respects the year of assessment 2011 and subsequent years of assessment, section 15 of the Principal Act is amended—
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(a) in subsection (3)(i) by substituting “€23,800” for “€27,400”, 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
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €32,800
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20 per cent
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the standard rate
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The remainder
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41 per cent
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the higher rate
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PART 2
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Part of taxable income
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €36,800
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20 per cent
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the standard rate
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The remainder
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41 per cent
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the higher rate
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PART 3
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Part of taxable income
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €41,800
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20 per cent
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the standard rate
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The remainder
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41 per cent
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the higher rate
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”.
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