S.L. 123.215 Art. 3Rate of tax.

(1) An individual who derives income from an employment subject to tax under article 4(1)(b) of the Act, consisting of emoluments for services to which these rules apply in terms of rule 4 shall, unless he opts to have the said income charged to tax at the rates laid down in sub-articles (1)(a) or (1)(b) of article 56 of the Act, be charged to tax on all such income at the rate of seven point five cents (€0.075) on every euro of the gross amount of the income so derived.

(2) The tax chargeable in terms of this rule shall be final and no set-off or refund shall be granted to any person in respect of the tax so charged.