Personal Tax Credits, Bands and Rates | 2013 | 2012 |
| € | € |
| Personal Tax Credits | | |
| Single | 1,650 | 1,650 |
| Married | 3,300 | 3,300 |
| PAYE | 1,650 | 1,650 |
| Age Exemption Limits (65 and Over) | | |
| Single | 18,000 | 18,000 |
| Married | 36,000 | 36,000 |
| 20% Standard Rate Tax Bands | | |
| Single | 32,800 | 32,800 |
| Married (One Income) | 41,800 | 41,800 |
| Married (Two Incomes) | 65,600 | 65,600 |
41% higher tax rate remains.
PRSI Rates| 2013 | 2012 |
| Employee | Self Employed | Employee | Self Employed |
| 4% | 4% | 4% | 4% |
From 1 January 2013 the weekly PRSI exemption of €127 is being abolished. It is proposed that the minimum annual PRSI contribution for self-employed earners will be increased from €253 to €500. From 1 January 2014, unearned income such as rental income, investment income, dividends and deposit interest will be subject to PRSI.
Universal Social Charge (USC)
From 1 January 2013, the standard rates of USC will apply to those aged 70 years of age and over and medical card holders earning €60,000 and above.
| Income | Universal Social Charge |
| From €0 - €10,036 | 2% |
| From €10,037 - €16,016 | 4% |
| Over €16,016 | 7% |
A 10% rate applies to self-employed income over €100,000.
Maternity Benefit
Maternity benefit will be taxable for all claimants with effect from 1 July 2013.
Charitable Donations
From 1 January 2013, tax refunds on donations from all individual donors to charities and approved bodies will be repaid to the charity at a blended rate of relief of 31%. An annual donation limit of €1m per individual donation will be introduced.
Benefit-in-Kind on preferential loans
The specified interest rate used in calculating the taxable benefit from preferential loans, other than home loans, has been increased from 12.5% to 13.5%. The specified rate used to calculate the taxable benefit from home loans is decreased from 5% to 4%.
Film Relief
It is proposed that film tax relief scheme will be extended to 2020. It is proposed that from 2016 individual investors will not receive tax relief on films but the film company will receive a tax credit.
Top Slicing Relief
From 1 January 2013, Top Slicing Relief will no longer be available in respect of ex-gratia termination payments of €200,000 or over.
DIRT & Exit taxes
33% on interest payments made annually or more frequently and 36% for payments made less frequently than annually.
