Tax Rebate (Pensioners) (Amendment No. 2) Rules, 2024

L.N. 357 of 2024

INCOME TAX ACT

(CAP. 123)

Tax Rebate (Pensioners) (Amendment No. 2) Rules, 2024

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

of the Income Tax Act, the Minister responsible for finance has made

the following rules:-

(1) The title of these rules is the Tax Rebate (Pensioners)

(Amendment No. 2) Rules, 2024 and these rules shall be read and

construed as one with the Tax Rebate (Pensioners) Rules, hereinafter

referred to as the "principal rules".

(2) These rules shall apply in respect of income earned on or

after the 1st January 2025.

Rule 3 of the principal rules shall be amended as follows

(a) in sub-rule (1) thereof the words "(pensions income

less 9,100)" shall be substituted by the words "(pensions income

less 12,000)" and the words "shall not exceed €1068" shall be

substituted by the words "shall not exceed €696";

(b) in sub-rule (2) thereof the words "(pensions income

less 10,500)" shall be substituted by the words "(pensions

income less 13,000)" and the words "shall not exceed €858" shall

be substituted by the words "shall not exceed €546"; and

(c)

sub-rule (3) thereof shall be amended as follows

(i) in paragraph (a) thereof the words "(pensions

income less 12,700)" shall be substituted by the words

"(pensions income less 15,000)" and the words "shall not

exceed €528" shall be substituted by the words "shall not

exceed €246"; and

(ii) in paragraph (b) thereof the words

"[(chargeable income less 12,700)" shall be substituted by

the words "[(chargeable income less 15,000)".

€0.09