As from 1 January 2017, Special Contribution is abolished. The special Contribution which applied in the period 2014-2016 is described below
Special contribution for employees, self employed and pensioners in the private sector
Special contribution is levied for the period from 1 January 2012 to 31 December 2013 on salaries, income of the self employed and pensions in the private sector which is derived in the Republic The contribution is levied as follows:
- Up to €2.500 no contribution is payable
- From €2.501 to €3.500 a percentage of 2.5% with a minimum amount of €10
- From €3.501 to €4.500 a percentage of 3.0%
- Over €4.501 a percentage of 3.5%
There is no upper limit on the amount of emoluments. However, certain types of emoluments are not included in the above calculations.
In the case of an employee, the contribution is shared equally between the employee and the employer.
All the above contributions are deductible for income tax purposes.
Special contribution for the period from 1 January 2014 to 31 December 2016 will be as follows:
- Up to €1.500 no contribution is payable.
- From €1.501 to €2.500 a percentage of 2.5% with a minimum amount of €10.
- From €2.501 to €3.500 a percentage of 3.0%.
- Over €3.501 a percentage of 3.5%.
