Deduction (Income from Employment or Pension)

L.N. 126 of 2016

INCOME TAX ACT

(CAP. 123)

Deduction (Income from Employment or Pension)

(Amendment) Rules, 2016

IN exercise of the powers conferred by articles 14(2) and 96 of

the Income Tax Act, the Minister for Finance has made the following

rules:-

(1) The title of these rules is the Deduction (Income

from Employment or Pension) (Amendment) Rules, 2016, and these

rules shall be read and construed as one with the Deduction (Income

from Employment or Pension) Rules, hereinafter referred to as "the

principal rules".

(2) These rules shall be deemed to have come into force with

effect from the year immediately preceding the year of assessment

2017.

In paragraph (a) of rule 2 of the principal rules, for the

words "does not exceed nine thousand two hundred euro (€9,200)"

there shall be substituted the words "does not exceed nine thousand

four hundred and fifty euro (€9,450)".

In rule 3 of the principal rules, for the words "by deducting

eight thousand and five hundred euro (€8,500)" there shall be

substituted the words "by deducting nine thousand one hundred euro

(€9,100)".

€0.09