The tax rates for natural persons are:

• first €17 144 – 0%
• €17 144 – €25 716 – 20%
• €25 716 – €34 288 – 25%
• over €34 288 – 30%

The calculation of taxable income takes account of deductible and discounted items such as subscriptions to trade unions and professional associations, donations to approved charities, Social Insurance Fund contributions, Pension Fund contributions, Relief Fund contributions and life insurance premiums etc.

Spouses are taxed separately on the basis of separate annual income tax returns.

The income of a resident of the Republic from a pension in respect of services provided outside the Republic is subject to a tax rate of 5%, with exemption for the first €3,430 in each year. 

• You are advised to contact the Inland Revenue Department (Tel: +357 22 80 72 85, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it ) for the necessary details concerning your own case

The rates of VAT vary according to the type of product or service on the basis of the legislation. The following rates are applicable:

• the zero rate (0%)
• the reduced rate (5%)
• the standard rate (15%)

The delivery of a house, apartment or business premise, etc. for which planning permission was applied for after 1/5/2004 is subject to VAT at 15%. Plots and land are exempt from VAT when sold without any form of building.

Text last edited on: 12/2007

Source: European Union
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Reproduction is authorised.