3. Rate of charge and personal tax credits
As respects the year of assessment 2025 and subsequent years of assessment, the Principal Act is amended -
(a) in section 15 -
(i) in subsection (3)(i), by the substitution of "€35,000" for "€33,000", and
(ii) by the substitution of the following Table for the Table to that section:
"TABLE
PART 1
|
Part of taxable income |
Rate of tax |
Description of rate |
|---|---|---|
|
(1) |
(2) |
(3) |
|
The first €44,000 |
20 per cent |
the standard rate |
|
The remainder |
40 per cent |
the higher rate |
PART 2
|
Part of taxable income |
Rate of tax |
Description of rate |
|---|---|---|
|
(1) |
(2) |
(3) |
|
The first €48,000 |
20 per cent |
the standard rate |
|
The remainder |
40 per cent |
the higher rate |
PART 3