Revenue eBrief No. 055/19

Tax and Duty Manual Part 15-01-44 – Earned Income Tax Credit – has been amended to reflect the increased Earned Income Tax Credit available for 2019 and subsequent years, as a result of Finance Act 2018.

Examples of earned income include:

• Trading income (Case I and II)
• Pay earned by proprietary directors.

The credit is not available against passive or investment income, such as rental income, or deposit interest income.