S.L. 123.180 Art. 6The amount of the tax credit.

(1) When the individual has obtained the relevant qualification upon the completion of a course or programme of studies on a full-time basis that commenced in 2017 or later, the tax credit shall be in an amount equivalent to the tax chargeable for the year of assessment in question on the income from his whole-time employment. When the income from the whole-time employment exceeds €60,000, the tax credit for that year shall be calculated as if the said income was €60,000.

(2) When the individual has obtained the relevant qualification upon the completion of a course or programme of studies on a full-time basis that commenced before 2017, the tax credit shall be equivalent to -

(A - 2017) / (A - B) x C

where:

A = the year in which the course or programme of studies is successfully completed

B = the year in which the course or programme of studies commenced

C = the amount calculated in accordance with sub-rule (1)

(3) When the individual has obtained the relevant qualification upon the completion of a course or programme of studies on a part-time basis, the tax credit shall be equivalent to fifty percent QUALIFICATIONS)

of the amount calculated in accordance with sub-rule (1) or sub-rule (2), as the case may be.

(4) For the purpose of this rule, the income from the whole-time employment shall be deemed to be the first part of the individual’s chargeable income for the respective year of assessment.