192E Exemption in respect of water conservation grant

Summary

This section provides that a payment made under section 5 of the Water Services Act 2014 (i.e. a water conservation grant) shall be exempt from income tax and shall not be reckoned in computing income for the purposes of the Income Tax Acts. As a consequence of the income tax exemption, any such payment is also exempt from USC and PRSI.

Relevant Date: Finance Act 2021