DEDUCTION (INCOME FROM EMPLOYMENT) RULES

DEDUCTION (INCOME FROM EMPLOYMENT)

SUBSIDIARY LEGISLATION 123.149

DEDUCTION

(INCOME FROM EMPLOYMENT) RULES

9th July, 2013

LEGAL NOTICE 176 of 2013, as amended by Legal Notices 144 and 474

of 2014, 126 of 2016, 43 of 2017, 188 of 2017, 53 of 2018, 22 and 462 of

2020, 28 of 2022, 4 of 2023, 1 and 358 of 2024, 279 of 2025 and 106 of

2026.

The title of these rules is the Deduction (Income from

Employment) Rules.

These rules shall apply where, in the year immediately

preceding the year of assessment 2014 and in subsequent years, an

individual (including any spouse where the responsible spouse has

opted for a separate computation for the purposes of article 50 of

the Income Tax Act, hereinafter referred to as "the Act") -

(a) * derives income from employment (other than income

derived from the holding of an office of a director)

chargeable to tax under article 4(1)(b) of the Act, and

such income does not exceed twelve thousand four

hundred and forty-five euro (€12,445) per annum; and

(b) does not derive any other income chargeable to tax at

the rates specified in article 56(1)(b) of the Act.

† (1) Any individual to whom rule 2 applies and who is

chargeable to tax at the rates specified in article 56(1)(b)(i) of the

Act shall be allowed as a deduction against his income from

employment, an amount determined by deducting twelve thousand

euro (€12,000) from the said income.

(2)

Repealed by Legal Notice 358 of 2024.

* Vide rule 1(2) of Legal Notice 279 of 2025.

†Vide rule 1(2) of Legal Notice 106 of 2026.