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End of Year - Income Levy Certificate 2009 End of Year - Income Levy Certificate 2009

End of Year - Income Levy Certificate 2009 End of Year - Income Levy Certificate 2009-2025

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The document is an Employee Details certificate that outlines the Income Levy deductions for an employee in the year 2009. It includes sections for the employee's personal information, gross income, and the amount of Income Levy deducted during specified periods. The employer certifies the accuracy of the details provided and includes their contact information.

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What is the levy in Ireland?

The PSO (Public Service Obligation) levy is mandated by the Irish Government and approved by the European Commission. It is charged to all electricity customers in Ireland and supports the generation of electricity from sustainable, renewable and indigenous sources.

What is the income levy in Ireland?

The income levy applies to gross income without the application of relieving provisions and specific exemptions provided for in the Income Tax Acts.

What is an income tax levy?

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

How much of your income is taxed in Ireland?

The percentage that you pay depends on your income. The first part of your income, up to a certain amount, is taxed at 20%. This is known as the standard rate of tax and the amount that it applies to is known as the standard rate tax band. The rest of your income is taxed at the higher rate of tax, 40%.

Is Ireland a high tax country?

In 2023, Ireland had a tax-to- GDP ratio of 21.9% compared with the OECD average of 33.9%. In 2022, Ireland was also ranked 36th out of the 38 OECD countries in terms of the tax-to-GDP ratio.

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