The following are deducted from income:

  • Contributions to trade unions or professional bodies
  • Loss of current year and previous years (for individuals required to prepare audited financial statements, current year losses and losses of the previous five years only may be deducted)
  • Rental income, 20% of gross rental income
  • Donations to approved charities (with receipts)
  • Expenditure incurred for the maintenance of a building in respect of which there is in force a Preservation Order Up to €1.200, €1.100 or €700 per square meter (depending on the size of the building)
  • Social Insurance, National Health System medical fund (maximum 1,5% of remuneration), pension and provident fund contributions (maximum 10% of remuneration) and life insurance premiums (maximum 7% of the insured amount)
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