Income Tax Act, 1967.

I gCuid Ghearr

This law, the Income Tax Act, 1967, is about how income tax is charged and collected in Ireland. It sets out the different categories of income that are subject to tax and the rules for calculating and paying that tax.

Cad a rialaíonn sé

• The charging of income tax on various types of income.
• The methods for assessing and collecting income tax.
• Specific rules for different sources of income, such as property, trades, professions, and employment.
• Reliefs and allowances that can reduce the amount of tax payable.

Cé dó a mbaineann sé

• Individuals and entities earning income in Ireland.
• Property owners, businesses, and employees.

Príomhphointí

• Income tax is charged annually, with assessments made each year.
• The Act divides income into different "Schedules" (A, B, C, D, E), each with its own rules for assessment.
• Schedule A deals with income from property, Schedule B with profits from land occupation, Schedule C with income from public revenue securities, Schedule D with profits from trades, professions, and other sources, and Schedule E with income from employment.
• Various reliefs and allowances are available, such as for earned income, small incomes, and for persons aged sixty-five or upwards.