Budget 2016

Posted on Posted in Taxation Updates

Tax changes

USC
• Rates down
– 1% on first €12,012
– 3% €12,012 – €18,668
– 5.5% €18,669 – €70,044
– 8%/11% remain
• Entry point €13,000

Income tax
• Self employed €550 tax credit
• Home carers’ credit – Increase to €1,000