INCOME TAX

2015

2016

Standard Rate Tax Band

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

Single Person

€1,650

€1,650

Married Person

€3,300

€3,300

PAYE Credit

€1,650

€1,650

Earned Income Credit

€550

Widowed Person (without dependent children)

€2,190

€2,190

Single Person Child Carer Credit

€1,650

€1,650

Home Carers’ allowance (max)

€810

€1,000

Incapacitated Child Tax Credit (max)

€3,300

€3,300

Exemption Limits

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

2015

2016

Exemption limit

€12,012

€13,000

€0–€10,036/€0–€12,012

1.5%

1%

€10,036–€16,016/€12,012–€17,576

3.5%

3%

>€16,016/€17,576–€70,044

7%

5.5%

>€70,044

8%

8%

Self-employed > €100,000

11%

11%

*Income thresholds apply for individuals aged 70 years or over

PRSI RATES

2015

2016

Class A (Employees)

Employer

10.75%*

10.75% *

Employee

4%*

4%*

Employers PRSI is 8.5% on earnings of €356/€376 per week or less

*Minimum Class S contribution equals €500.

A new tapered PRSI Credit is being introduced for employees insured at Class A whose earnings are between €352.01 and €424 in a week.

STAMP DUTY

2015

2016

Non Residential Property

2%

2%

Residential

First €1m

1%

1%

Excess over €1m

2%

2%

Certain Stocks & Shares

1%

1%

Shares in ESM companies

exempt

exempt

VALUE ADDED TAX

2015

2016

Standard Rate/Reduced Rate

23%/13.5%

23%/13.5%

Hospitality

9%

9%