S.L. 123.2 Art. 24Terminal payments.

(1) Where any payment of emoluments to a resident payee represents or includes amounts payable on the determination of a contract giving rise to the payment of emoluments, the rate of deduction of tax therefrom, notwithstanding the provisions of rule 3(1) and rule 4(3) shall be as set out hereunder -

(a) where the terminal payment is less than one thousand and one hundred and sixty-four euros and sixty-nine cents (1,164.69) ................................................. 15%;

(b) where it is one thousand and one hundred and sixty-four euros and sixty-nine cents (1,164.69) or over, but less than two thousand and three hundred and twenty-nine euros and thirty-seven cents (2,329.37) ....... 20%;

(c) where it is two thousand and three hundred and twenty-nine euros and thirty-seven cents (2,329.37) or over but less than four thousand and six hundred and fifty-eight euros and seventy-five cents (4,658.75) 30%;

(d) where it is four thousand and six hundred and fifty-eight euros and seventy-five cents (4,658.75) or over but less than eleven thousand and six hundred and forty-six euros and eighty-seven cents (11,646.87) 45%;

(e) where it is eleven thousand and six hundred and forty-six euros and eighty-seven cents (11,646.87) or over but less than seventeen thousand and four hundred and seventy euros and thirty cents (17,470.30) .......... 50%;

(f) where it is seventeen thousand and four hundred and seventy euros and thirty cents (17,470.30) or over 55%.

(2) The rates of deduction of tax under sub-rule (1) shall in such instance be increased by ten per cent where payment is made to a non-resident payee or to a resident person on behalf of a non-resident payee.