<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> In Ireland there is an income tax, a value added tax (VAT), and various other taxes . Employees pay pay - as - you - earn (PAYE) taxes based on their income, less certain allowances . The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to middle to top earners, the top marginal rate of tax (including USC and PRSI) is 52% . However a large proportion of central government tax revenue is also derived from VAT, excise duties and other taxes on consumption . The standard rate of corporation tax is among the lowest in the world at 12.5% . </P> <P> Income tax is charged in respect of all property, profits, or gains . Since 2002, Ireland has operated a tax year coinciding with the calendar year (1 January to 31 December). The change coincided with the introduction of the euro in Ireland . For administrative purposes, taxable income is expressed under four schedules: </P>

What is the marginal rate of tax in ireland