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Exemption in respect of Pandemic Special Recognition Payment
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3. The Act of 1997 is amended in Chapter 1 of Part 7 by the insertion of the following section after section 192J:
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“192K. (1) In this section—
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‘qualifying individual’ means an individual who is in receipt of a qualifying payment;
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‘qualifying payment’ means a payment, generally referred to and commonly known as the Pandemic Special Recognition Payment, which is made, by or on behalf of the Minister for Health to a qualifying individual, further to the decision of the Government of 19 January 2022.
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(2) Subject to subsection (4), a qualifying payment made to a qualifying individual on or after 1 January 2022 shall be exempt from income tax and shall not be reckoned in computing the total income of the qualifying individual for the purposes of the Income Tax Acts.
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(3) A qualifying payment shall be deemed not to be a payment to which Chapter 4 of Part 42 applies.
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(4) The exemption provided for in subsection (2) shall apply to a maximum amount of €1,000 for each qualifying individual.”.
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