Amendment to the Deduction (Income from Employment) rules

The Deduction (Income from Employment) Rules have been revised by LN 4 of 2023.

The income threshold of €10,200 in Rule 2 has been extended to €10,535, and a new sub-paragraph has been added to Rule 3 which reads as follows:

“Any individual to whom rule 2 applies and who is chargeable to tax at the rates specified in the second proviso to article 56(1)(b) of the Act shall be granted as a deduction against his income from employment, a determined amount of ten thousand five hundred euro(€10,500) from the said income”