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Irish Revenue Provides Updated Guidance for 2023 Individual Income Tax Changes — Orbitax Tax News & Alerts

Irish Revenue has issued eBrief No. 005/23, which provides updated guidance for the individual income tax band and tax credit changes for 2023 as implemented by the Finance Act 2022 (Act No. 44 of 2022).


Revenue eBrief No. 005/23 Changes to standard rate tax band and personal tax credits

As part of Budget 2023 the Minister for Finance announced the introduction of an income tax package which included changes to the value of the standard rate tax band and a number of personal tax credits. These changes apply with effect from 1st January 2023 and include the following measures:

  • the value of the standard rate tax band has increased by €3,200 per person,
  • the value of the basic personal tax credit, the employee (PAYE) tax credit and the earned income tax credit have all increased to €1,775 per person, and
  • the value of the home carer tax credit has increased to €1,700 per person.

The following Tax and Duty Manuals have now been updated to reflect these changes and to update the text for the current tax year: