2. Amendment of section 531AN of Principal Act (rate of charge)
(1) Section 531AN of the Principal Act is amended -
(a) in subsection (3), by the substitution of "€27,382" for "€25,760", and
(b) by the substitution of the following for Part 1 of the Table to that section:
"Part 1
|
Part of aggregate income |
Rate of universal social charge |
|---|---|
|
(1) |
(2) |
|
The first €12,012 |
0.5 per cent |
|
The next €15,370 |
2 per cent |
|
The next €42,662 |
3 per cent |
|
The remainder |
8 per cent |
".
(2) Subsection (1) applies for the year of assessment 2025 and each subsequent year of assessment.