Monday, February 1, 2010

What are the Income Levy Rates for Tax Year 2010?

From 1 January 2010 Income levy rates are as follows:

2% on income up to €75,036
4% on income from €75,037 to €174,980
6% on income above €174,980.

If your income is greater than the minimum threshold of €15,028 per year or €289 per week, you pay the levy on the full amount of your income. (If you are aged 65 or over the minimum threshold is €20,000 per year for a single person and €40,000 per year for a couple).

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