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Chapter 2
Income Tax
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Amendment of section 15 (rate of charge) of Principal Act.
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2.—As respects the year of assessment 2002 and subsequent years of assessment, section 15 of the Principal Act is amended by substituting—
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(a) “€19,000” for “€13,967” in subsection (3), and
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(b) the following Table for the Table to that section:
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“TABLE
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PART 1
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Part of taxable income
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €28,000
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20 per cent
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the standard rate
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The remainder
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42 per cent
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the higher rate
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PART 2
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Part of taxable income
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €32,000
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20 per cent
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the standard rate
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The remainder
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42 per cent
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the higher rate
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PART 3
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Part of taxable income
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Rate of tax
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Description of rate
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(1)
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(2)
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(3)
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The first €37,000
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20 per cent
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the standard rate
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The remainder
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42 per cent
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the higher rate
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”.
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