14/12/2012

14/12/2012

Irish Budget 2013: Main Tax Changes

The main provisions announced in Budget 2013 are set out in the attached document. Details of the much anticipated local property tax were unveiled and this continues the theme of broadening the tax base. While the rates of income tax were not increased the removal of the weekly exempt amount and increase in the minimum PRSI contribution for the self-employed together with the extension of PRSI to unearned income in certain cases results in an increase in the effective rate of tax/USC/PRSI. Irish Budget 2013: Main Tax Changes For more information on how we can help you, contact: John Comerford Tax Partner tel: + 353 (0)1 677 9000 email: jcomerford@cooneycarey.ie Gerry Higgins Tax Partner tel: + 353 (0)1 677 9000 email: ghiggins@cooneycarey.ie Eamonn Madden Tax Manager tel: + 353 (0)1 677 9000 email: emadden@cooneycarey.ie