S.L. 123.159 Art. 3Employment deduction.

(1) Where a qualifying person provides employment to a qualifying employee in the year preceding the year of assessment, a deduction equivalent to €5,800 per annum shall be allowed against the chargeable income of the said qualifying person during the first two years of providing employment to the qualifying employee: Provided that, where the employee is not employed for a full year during the year of assessment, the deduction is allowable The two years deduction commence on the first day of pro rata. employment, and, provided the employee remains in the relative employment, the qualifying person will benefit from a deduction equivalent to €11,600 at the elapse of the said two years:

Provided also that, to the extent that the deduction cannot be wholly set off against the income of the qualifying person for the year during which the deduction is entitled, it shall be carried forward and set off against the income of subsequent years in succession:

Provided further that, where the qualifying person is an individual, to the extent that the deduction cannot be wholly set off against the income of the individual or of his spouse, where applicable, for the aforesaid year, it shall be carried forward and set off against the income for subsequent years in succession.

(2) The deduction shall only be allowed where the qualifying person does not benefit from any deduction, tax credit, or any other form of assistance in relation to the said employment by the Government or any Government entity.