Dáil Éireann Debate, Wednesday - 1 June 2022
83. Deputy Catherine Connolly asked the Minister for Finance the adjustment made for indexation of income tax bands and income tax rates when calculating the budgetary stance for Budget 2023; and if he will make a statement on the matter. [28285/22]
Amharc ar fhreagraAs the Deputy will be aware, the Programme for Government commits to indexing income tax credits and bands in the event that incomes are rising as the economy recovers, so as to prevent an increase in the tax burden and to ensure that low-paid workers are not being brought into the income tax net.
The budgetary stance set out in the Summer Economic Statement 2021 included an assumption of a €500 million tax package each year from 2022 onwards. This assumption will be reviewed as part of the assessment of the overall budgetary stance in the Summer Economic Statement 2022, to be published in the coming weeks.
