Finance Act, 1992

I mbeagán focal

This law, the Finance Act, 1992, is about how the government collects money through various taxes and duties. It covers changes to income tax, corporation tax, capital gains tax, and customs and excise duties.

Cad a rialaíonn sé

• Income Tax, Corporation Tax and Capital Gains Tax.
• Customs and Excise duties, specifically on beer.
• Implementation of Council Directive No. 92/12/EEC related to excisable products.
• Provisions for petroleum taxation.

Cé dó a mbaineann sé

• Individuals and companies subject to income tax, corporation tax, and capital gains tax.
• Brewers, warehousekeepers, and vendors of excisable products.

Príomhphointí

• It amends provisions relating to exemption from income tax and alters income tax rates.
• It introduces changes to capital allowances for vehicles and restricts capital allowances on holiday cottages.
• It reduces the exemption for individuals regarding capital gains tax and alters capital gains tax rates.
• It establishes a duty of excise on beer, including exemptions, remissions, and repayments.