Average Rates of Exchange versus the Euro
PRSI and Health Contribution Rates
Capital Acquisitions Tax / Inheritance Tax / Gift Tax thresholds
Income Tax Rates
| 2010 | 2011 | |
| Single / Widowed | 36,400 20%
Balance 41% |
32,800 20%
Balance 41% |
| Married Couples
One Income |
45,400 20%
Balance 41% |
41,800 20%
Balance 41% |
| Married Couples
Two incomes |
72,800* 20%
Balance 41% |
65,600* 20%
Balance 41% |
| One Parent Family | 40,400 20%
Balance 41% |
36,800 20%
Balance 41% |
| *Note: The increase in the standard rate tax band is restricted to the lower of €27,400 in 2010 and €23,800 in 2011 or the amount of the income of the spouse with the lower income. The increase is not transferable between spouses. | ||
Income Levy
|
|
2010 |
2011 |
|
Services (mainly) |
13.5% |
13.5% |
|
All other supplies |
21% |
21% |
Universal Social Charge
|
|
2011 |
|
|
Total income below €4,004 per annum |
0% | |
|
Income up to €10,036 per annum |
2% | |
|
Income between €10,037 and €16,016 per annum |
4% | |
|
Income over €16,016 per annum |
7% | |
|
Note: Persons over 70 years are not liable at the rate of 7% but instead pay at 4%.
|
||
Average Rates of Exchange versus the Euro
| 2009 | |
| Australian Dollar | 1.7727 |
| Canadian Dollar | 1.585 |
| Pound Sterling | 0.8909 |
| US Dollar | 1.3948 |
PRSI and Health Contribution Rates
| PRSI | Health
Contribution |
|||
| Employer
Rate |
Employee | Employer Rate | ||
| Income € | Rate | |||
| 2010 | 10.75%
10.75% |
0 – 75,036
over 75,036 |
4%
NIL |
4%
5% |
|
2011 |
10.75% 10.75% |
0 – 75,036 over 75,036 |
4% NIL |
0% 0% |
Other Tax Rates
|
|
2010 |
2011 |
|
Capital Acquisitions Tax |
NIL up to Group Threshold Above Threshold 25% |
NIL up to Group Threshold Above Threshold 25% |
|
Inheritance Tax |
NIL up to Group Threshold Above Threshold 25% |
NIL up to Group Threshold Above Threshold 25% |
|
Gift Tax |
NIL up to Group Threshold Above Threshold 25% |
NIL up to Group Threshold Above Threshold 25% |
|
Capital Gains Tax |
NIL up to Group Threshold Above Threshold 25% |
NIL up to Group Threshold Above Threshold 25% |
Capital Acquisitions Tax / Inheritance Tax / Gift Tax thresholds
|
|
1/1/2010 to 7/12/2010 |
8/12/2010 to 31/12/2010 |
2011 |
|
|
Group |
Relationship to donor / testator |
€ |
€ |
€ |
|
A |
Child or minor child of deceased child or parent |
414,799 |
332,084 |
332,084 |
|
B |
Lineal ancestor other than a parent (above), lineal descendent, brother, sister, child of brother or sister |
41,481 |
33,208 |
33,208 |
|
C |
Any other person |
20,740 |
16,604 |
16,604 |
VAT
| 2010 | |
| Services (mainly) | 13.5% |
| All other supplies | 21% |
Tax Credits
| 2010 | |
| € | |
| Single Person
Married Couple |
1,860
3,660 |
Widowed Person
|
3,660 2,430 1,830 |
Widowed Parent
|
4,000 3,500 3,000 2,500 2,000 |