What is exempt from income tax ? The following income is exempt from income tax, subject to conditions: Incomes below €18,000/€36,000 for persons and couples over 65 years old Income derived from certain leasing of farm land Certain earnings of writers, composers and artists Interest on Savings Certificates, Savings Bonds and Instalments Savings Schemes, subject…
Un-reimbursed Prescribed Medicines You can claim tax relief for expenditure of amounts up to €144 per calendar month for prescribed medication. Expenditure in excess of €144 per month is recoverable from your Local Health Office under the Drugs Payment Scheme. You can register with your Local Health Office as an individual or family for a…
Start you own business relief The Start Your Own Business scheme provides for relief from Income Tax for long term unemployed individuals who start a new business. The scheme will provide an exemption from Income Tax up to a maximum of €40,000 per annum for a period of two years to individuals who set up…
