Tax Credits
Personal, Employee and Earned Income credit each increased by €50 – from €1650 – €1700
Standard Rate Tax Bands
The standard rate tax bands (currently 20%) will increase by €1500
Minimum Wage
Minimum Wage increase from €10.20 to €10.50 per hour.
Universal Social Charge (USC)
The second USC band has been increased from €20,687 to €21,295
Employee Wage Subsidy Scheme (EWSS)
The EWSS has been extended to 30 April 2022 in a graduated format.
Working From Home
Employees can claim a 30% income tax deduction for vouched expenses for electricity, heat and broadband.
BIK – Electric Vehicles
BIK exemption for battery electric vehicles will be extended to 2025 with a tapering effect on vehicle value.
Employers’ PRSI
The weekly income threshold for a higher rate of employer’s PRSI will increase from €398 to €410
