S.L. 123.179 Art. 3Deduction. 2 [S.L.

(1) Subject to the other provisions of this rule, an undertaking may claim a deduction against its income equivalent to 150% of the employee transportation costs incurred in the relative year.

(2) In respect of any year of assessment, the deduction referred to in sub article one may only be claimed on the lower of:

(i) €25,000 of the employee transportation costs incurred by the undertaking in the year preceding the year of assessment; or COST OF EMPLOYEES 123.179

(ii) €300 per employee whose transportation costs have been incurred by the undertaking in the year preceding the year of assessment.

(3) The employee transportation costs in respect of which a deduction is claimed under these rules may not benefit from any other deduction provided under the Act.