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Personal income tax rates. Exemption limits. An income tax exemption is available for certain individuals aged 65 years or over. These individuals are only liable to income tax if their income is above a specified limit. For 2024, the specified limit is EUR 18,000 for an individual who is single/widowed and EUR 36,000 for a married couple.
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.
A source of controversy is the effective tax rate of Ireland corporation tax system, of which the independent evidence is that it is less than 4%, and as low as 0.005% for major U.S. multinationals (see Irish effective corporate tax rate).
Tax is charged as a percentage of your income, which is called the rate of tax. However, there are income tax reliefs that reduce the amount of tax you have to pay. This page explains how tax rates and tax reliefs are used to calculate the tax you pay.
If you live in Ireland and earn a gross annual salary of €50,085, or €4,174 per month (including bonuses), your monthly take-home pay will be €3,311. This results in an effective tax rate of 21%, as estimated by our Irish salary calculator.
A tax rate band is the amount of income which will be taxed at a particular percentage (tax rate). The current tax rates are 20% and 40%. Standard rate of tax. Your income up to a certain limit is taxed at the ‘standard rate’ of Income Tax, which is currently 20%. This is known as the standard rate band. Higher rate of tax. Any income above ...
What are the Irish income tax rates and bands? Ireland uses a dual-band system: Standard Rate: 20% on income up to a certain limit. Higher Rate: 40% on income above that limit. The standard rate cut-off point varies depending on your civil status and whether you have dependent children.
The Income tax rates and personal allowances in Ireland are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Ireland Tax Calculator 2022. Note that all earning under € 13,000.00 are exempt from USC in 2022.
Overview. To calculate your Income Tax, you will need to understand how tax credits and rate bands work. This section explains: tax credits and rate bands. your Tax Credit Certificate. and. how to calculate your tax. Next: How your Income Tax is calculated.
Use PwC Ireland’s interactive income tax calculator to estimate your income tax position for the coming year in light of the measures announced in Budget 2025.