6. Rate of charge and personal tax credits
As respects the year of assessment 2022 and subsequent years of assessment, the Principal Act is amended -
(a) in section 15 -
(i) in subsection (3)(i), by the substitution of "€27,800" for "€26,300", and
(ii) by the substitution of the following Table for the Table to that section:
"Table
Part 1
|
Part of taxable income (1) |
Rate of tax (2) |
Description of rate (3) |
|
The first €36,800 |
20 per cent |
the standard rate |
|
The remainder |
40 per cent |
the higher rate |
Part 2
|
Part of taxable income (1) |
Rate of tax (2) |
Description of rate (3) |
|
The first €40,800 |
20 per cent |
the standard rate |
|
The remainder |
40 per cent |
the higher rate |