Please enable JavaScript.

Coggle requires JavaScript to display documents.

TAXATION (Regressive (same rate for everyone, e.g. VAT, Tazx), Types…

- - - - % of income
      - 2 rates- standard (20%) & higher (40%)
      - more earned= more paid
      - SCO= standard cut-off
        
        Income over the SCO is taxed at higher rate
      - Pay As You Earn
    - - 11 classes
      - employers also pay PRSI for employees
      - Pay Related Social Insurance
    - - Introduced in 2011
      - Paid by all employees with income over €12,000
      - Universal Social Charge
    - - Deposit Interest Retention Tax
      - charged on interest in a deposit account
  - - - Value Added Tax
      - goods & services
      - standard: 23%
      - everyone subject to the same VAT rate
    - - annual
      - dependent on engine size, C02 emmissions
    - - annual
      - residential properties
      - since 2013
    - - cigarettes
      - alcohol
      - petrol