As widely anticipated, the Budget focused mainly on cutting expenditure, but also included various taxation measures. The small business owner was saved from higher taxes but really there was no assistance or incentives given.
- No changes to income tax rates, income levy, or PRSI for 2010.
- Universal social contribution scheme to replace PRSI, the health levy, and income levy to be introduced in 2011
- No change to income tax bands, allowances or credits
- Increase in effective tax rate for ...Continue Reading →
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