INCOME TAX

2021

2020

Standard Rate Tax Band

Single/Widowed (without dependent children)

€35,300

€35,300

Single/Widowed (claimed Single Person Child Carer Credit)

€39,300

€39,300

Married Couple (one spouse with income)

€44,300

€44,300

Married Couple (both spouses with income)

€70,600

€70,600

Main Tax Credits

Single Person

€1,650

€1,650

Married Person

€3,300

€3,300

Employee Tax Credit

€1,650

€1,650

Earned Income Credit

€1,650

€1,650

Widowed Person (without dependent children)

€2,190

€2,190

Single Person Child Carer Credit

€1,650

€1,650

Home Carer Tax Credit

€1,600

€1,600

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

2021

2020

Exemption limit

€13,000

€13,000

First €12,012

0.5%

0.5%

Next €8,675/€8,472

2%*

2% *

Next €49,357/€49,560

4.5%

4.5%

Balance >€70,044

8%

8%

Self-employed > €100,000

11%

11%

*income thresholds apply for individuals aged 70 years or over

PRSI RATES

2021

2020

Class A (Employees)

Employer

11.05%

11.05%

Employee

4%

4%

Employers PRSI is 8.8% on earnings of €398 (2021)/ €394(2020) per week or less

**Minimum Class S contribution equals €500.

Sliding scale PRSI Credit for employees insured at Class A whose earnings are between €352.01 and €424 in a week.

STAMP DUTY

2021

2020

Non Residential Property

7.5%

7.5%

Residential

First €1m

1%

1%

Excess over €1m

2%

2%

Multiple purchase of 10 or more residential houses on a cumulative basis over a 12-month period

10%

–

Certain Stocks & Shares

1%

1%

VALUE ADDED TAX

2021

2020

Standard Rate

23%*

23%*

Reduced Rate

13.5%

13.5%

Second reduced rate

9%

9%

*The standard rate of VAT was temporarily reduced from 23% to 21% for the period 1 September 2020 to 28 February 2021