Revenue E-Brief

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Revenue E-Brief Issue 116/15, 16 December 2015

Earned Income Tax Credit

The Finance Act 2015 introduced a new "Earned Income Tax Credit". It provides for a maximum tax credit of €550 (computed by reference to the standard rate of income tax) in respect of an individual's income and applies for 2016 and following years.

A new Part 15-01-44 has been added to the Income Tax, Capital Gains Tax, Corporation Tax Manual giving details of the new tax credit.

16 December 2015