IRISH TAX RATES AND BANDS
INCOME TAX |
2016 |
2017 |
Standard Rate Tax Band |
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Single/Widowed (without dependent children) |
€33,800 |
€33,800 |
Single/Widowed (claimed Single Person Child Carer Credit) |
€37,800 |
€37,800 |
Married Couple (one spouse with income) |
€42,800 |
€42,800 |
Married Couple (both spouses with income) |
€67,600 |
€67,600 |
Main Tax Credits |
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Single Person |
€1,650 |
€1,650 |
Married Person |
€3,300 |
€3,300 |
PAYE Credit |
€1,650 |
€1,650 |
Earned Income Credit |
€550 |
€950 |
Widowed Person (without dependent children) |
€2,190 |
€2,190 |
Single Person Child Carer Credit |
€1,650 |
€1,650 |
Home Carers’ allowance (max) |
€1,000 |
€1,100 |
Incapacitated Child Tax Credit (max) |
€3,300 |
€3,300 |
Exemption Limits |
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Single or widowed 65 years of age or older |
€18,000 |
€18,000 |
Married 65 years of age or older |
€36,000 |
€36,000 |
UNIVERSAL SOCIAL CHARGE |
2016 |
2017 |
Exemption limit |
€13,000 |
€13,000 |
€0–€12,012/€12,012 |
1% |
0.5% |
€12,012–€18,668/€12,013–€18,772 |
3% |
2.5% |
>€18,669–€70,044/ €18,773–€70,044 |
5.5% |
5% |
>€70,044 |
8% |
8% |
Self-employed > €100,000 |
11% |
11% |
*Income thresholds apply for individuals aged 70 years or over |
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PRSI RATES |
2016 |
2017 |
Class A (Employees) |
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Employer |
10.75%* |
10.75%* |
Employee |
4%* |
4%* |
Employers PRSI is 8.5% on earnings of €376 per week or less |
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*Minimum Class S contribution equals €500. |
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Sliding scale PRSI Credit for employees insured at Class A whose earnings are between €352.01 and €424 in a week. |
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STAMP DUTY |
2016 |
2017 |
Non Residential Property |
2% |
2% |
Residential |
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First €1m |
1% |
1% |
Excess over €1m |
2% |
2% |
Certain Stocks & Shares |
1% |
1% |
Shares in ESM companies |
exempt |
exempt |
VALUE ADDED TAX |
2016 |
2017 |
Standard Rate/Reduced Rate |
23%/13.5% |
23%/13.5% |
Hospitality |
9% |
9% |