Tax Credit (Women Returning to Employment)

L.N. 208 of 2014

INCOME TAX ACT

(CAP. 123)

Tax Credit (Women Returning to Employment)

(Amendment) Rules, 2014

IN exercise of the powers conferred by article 96 of the Income

Tax Act, hereinafter referred to as "the Act", the Minister for Finance

has made the following rules:-

(1) The title of these rules is the Tax Credit (Women

Returning to Employment) (Amendment) Rules, 2014 and these rules

shall be read and construed as one with the Tax Credit (Women

Returning to Employment) Rules, hereinafter referred to as "the

principal rules".

(2) These rules shall come into force as from the year of

assessment 2015.

In paragraph (a) of sub-rule 2 of rule 3 of the principal

rules, for the word "husband" there shall be substituted the word

"spouse".

The first proviso to sub-rule (1) of rule 4 of the principal

rules shall be substituted by the following

"Provided that the credit as aforesaid may not exceed

€5000:".

Immediately after rule 4 of the principal rules, there shall

be added the following new rule

" Clarification

(1) Rule 2(b) and (c) applies also

of applicability.

to cases where a child is adopted.

(2) In the case where rule 2(b) or (c)

applies

(a)

only one woman can avail

herself of the tax credit, granted under

rules 3 and 4, in respect of each child;

(b) a woman can avail herself of

the tax credit granted under rules 3 and 4

only once in respect of each child.".

€0.09