iCalculator™ IE: Ireland Tax Calculators
Welcome to iCalculator™ IE, your comprehensive suite of free tax calculators for Ireland. iCalculator™ has provided free tax calculators for Ireland since 2017. Since those early days we have extended our resources for Ireland to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Ireland Tax Calculator and salary calculators within our Ireland tax section are based on the latest tax rates published by the Tax Administration in Ireland. In this dedicated Tax Portal for Ireland you can access:
Ireland Tax Calculator 2024/25
The Ireland Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Ireland. This includes calculations for
- Employees in Ireland to calculate their annual salary after tax.
- Employers to calculate their cost of employment for their employees in Ireland.
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Ireland - Taxation Overview
Ireland is an island country, the second largest island in the Isles of Britain located in northeast Europe. Ireland is divided between two parts, the Republic of Ireland (officially Ireland) and Northern Ireland (part of the United Kingdom).
The Capital city of Ireland is Dublin, and the official currency is the EURO. Irish and English are the two official languages in Ireland, most business is conducted in English.
There are various taxes levied on individuals and entrepreneurs, we will cover a number of these as we progress through this article. Let us start be taking a quick look at the tax authorities of Ireland.
Tax Administration in Ireland
Revenue (formally Revenue Commissioners) is the tax authority and administrator of tax in Ireland. The agency is responsible for excise, customs and taxation in Ireland and works under the authority of the Department of Finance.
The mission of Revenue is "to serve the community by fairly and efficiently collecting taxes and duties and implementing Customs controls". Revenue operates from Dublin Castle in Dublin. You can visit the website for revenue and Department of Finance to access additional information. The Revenue is responsible for each of the taxes applied to individuals and corporations in Ireland, let’s explore them in detail, starting with personal income tax.
Personal Income Tax (PIT) in Ireland
Personal income tax in Ireland is based on progressive rates. Ireland, like the United States, has different Income tax tables for individual and married couples.
Basis of personal taxation
If you are a resident in Ireland, you will be charged on your worldwide income and capital gains, whereas non-residents are charged on income that is generated by Irish sources and any gains derived from immovable properties.
Tax Compliance for individuals
Individuals follow the Irish tax year which is the same as the calendar year.
Your employment income will be taxable under the Pay As You Earn (PAYE) system. The tax amount will be withheld by the employer and will be remitted directly to the tax authorities.
However, if your income is not subject to PAYE it will fall under self-assessment regime. Filing of individual tax returns is due by 31st October of the year preceding the self-assessment tax year. Tax Payments are made on a preliminary basis as at least 90% of the final tax liability. Penalties are imposed upon failure to comply with the above requirements.
Taxable Income
Your employment income and most of the benefits are taxable in Ireland. Professional self-employment and individual trading income is taxed as per profits generated by companies.
Capital gains
In certain cases, capital gains are charged at 40%, however, the standard rate for capital gains derived from the disposal of assets is 33%. You can calculate capital gains tax in Irelad using the Ireland Capital Gains Tax Calculator.
Dividend and interest
Dividend and interest income tax rates varies between 20% and 35%
Rental income
Rental income is taxed at a marginal rate of tax. Only the net income after all allowable deductions is subject to taxes in Ireland. Residents and non-residents both are liable for the rental income tax in Ireland.
Let’s take a look at the tax rates on individual income.
Income Tax Rates
Personal income tax is levied on the basis of the status of the tax return filer in Ireland. Certain people over the age of 65 years are exempt from personal income tax, given they meet certain conditions. These exemptions are given only up to a yearly threshold determined by the tax authorities every year, the latest personal income tax rates and allowances for Ireland in 2024 are avilable here
Other taxes
Inheritance tax
Inheritance tax is generally levied at a flat rate of 33% though the amount of inheritance subject to inheritance tax in Ireland depends on your relationship to the deceased. You can calculate inheritance tax in Ireland using the Ireland Inheritance Tax Calculator.
Real Property tax:
The property and land taxes are levied at the discretion of specific municipalities in Ireland.
Stamp duties
Stamp duties are levied on the transfer of property, the rates of stamp duty vary from 1% to 6%, the highest being the stamp duty charged for the transfer of non-residential property.
Social Security
Most employees are subject to Pay Related Social Insurance (PRSI) in Ireland. This is chargeable on salary as well as on non-cash benefits. This is applicable to individuals who earn € 352.00 or more a week. Investment income, income from a trade or profession is also subject to PRSI contribution. General salaried individuals and earners are liable to make PRSI contributions at 4% of their total income.
How to calculate your salary after tax in Ireland
Follow these simple steps to calculate your salary after tax in Ireland using the Ireland Salary Calculator 2024 which is updated with the tax tables.
- Enter Your Salary and the Ireland Salary Calculator will automatically produce a salary after tax illustration for you, simple.
- Optional: Select Advanced and enter your age to alter age related tax allowances and deductions for your earning in Ireland
- Optional: Change the number of days you work per week, per year and the number of hours you work per week to allow various rates and allowances to be split for viewing in line ith your employment contract in Ireland
That's it! Just a few simple steps to calculate your salary after tax in Ireland with detailed income tax calculations. Need more from the Ireland Tax Calculator? More detailed salary calculator or a wage calculator? Simply select 'advanced' to access more features of the tax calculator. If there are specific income related allowances or deductions in Ireland that are not featured on the Ireland tax calculator that you would like us to add, simply contact us and explain your requirement. New features for the Ireland are added on request at no cost to you. We build tax calculators to support our community in Ireland, whether resident or expats in Ireland and expand the tool to suit our communities needs as required. Note that the payroll examples created using the tax calculator include PRSI and USC (Pay Related Social Insurance and Universal Social Charge).
Ireland Income Tax Calculators
This concludes the personal tax section, let’s know about the taxes that are levied on corporations.
Corporate Income Tax (CIT) in Ireland
Filing requirements and compliance for corporations: The tax year for corporate income tax is generally in line with a company’s financial year. It can be shorter than 12 months but cannot exceed a 12 month period.
A self-assessment system is followed for corporate taxation in Ireland. Tax and paid on preliminary basis. Most companies are required to file and pay taxes through an online system. Tax returns must be filed within 9 months following the tax year end. Payment requirements for tax returns is different for small business and large corporates.
Penalties and interest charges are imposed on late payment and underpayment of taxes.
Taxable Income Determination
Resident companies are taxed on Ireland source income and income generated worldwide. Non-resident companies are subject to tax only on Irish source based income.
Corporate Income Tax (CIT) is imposed on a company's profits that include trading or business income, capital gains and any passive income by companies. Deduction of normal business expenses is allowed from the gross profit.
Corporate Tax Rate In Ireland
Corporate income tax is collected at a flat rate of 12.5% from the companies that are dealing in trade. Profits derived from non-trading activities are charged CIT at a rate of 25%, you can calculate corporation tax in Ireland using the Ireland Corporation Tax Calculator.
Capital Gains Tax for Corporations In Ireland
Capital gains are subject to 33% tax in when derived from the sale of capital assets. These rates are applicable to funds and policies located in the EU/EEA or DTT countries, whereas gains from all other jurisdictions are charged capital gain tax at 33% or 40%. Capital gain tax is reduced to 15% for Irish corporate shareholders that invest in Irish funds.
Let’s explore the withholding taxes that are levied on corporations in Ireland.
Dividend Tax for Corporations In Ireland
Dividends received from a foreign company are generally taxable at the rate of 22% in Ireland, whereas dividends received from a local company by other local companies are generally tax exempt. Dividends received from a company based in European Union are eligible for foreign tax credits.
Interest and Royalties Tax for Corporations In Ireland
Interest income and royalties that are generated by non-resident companies are generally taxable at a flat rate of 25% . This rate may be reduced under tax treaties or in some cases may be exempted if the companies fall under EU parent - Subsidiary directive.
Other taxes on Corporations in Ireland
Let’s discuss other kinds of taxes that are levied on corporations in Ireland.
Custom duty
This is applicable for imports only from non-European Union countries into Ireland. The rates of custom duties range between 0% and 14%, mainly for industrial goods. Import of agricultural goods and products are charged at much higher rates in Ireland.
Reduction and exemptions on custom duties are available for the goods and products that meet defined requirements.
Excise Duty
Alcoholic products such as beer, wine, cider, tobacco products and mineral oils including diesel and petrol are subject to excise duty in Ireland. Export and sale of these goods is tax exempt to other EU countries, however, special arrangements are in place to control intra EU movement of these items.
Real property tax or local tax
This is known as ‘Rates’ in Ireland, and is levied on the occupation of commercial property. This is an allowable deduction for corporate income tax. The percentage of rates varies from region to region in Ireland.
Stamp Duty
Stamp duties rates range between 1% and 6% on the transfer of property.
Social Security
Pay Related Social Insurance (PRSI) is made by the employers. This is remitted directly to the tax authorities and collected by withholding up to 11.05% from the salary of the employees.
In Addition to the above taxes many other taxes such as, Environmental tax, carbon tax, sugar tax, and exit taxes are levied in Ireland.
Value Added Tax In Ireland
Value Added Tax (VAT) in Ireland is chargeable on the supply of services and goods. The standard rate of VAT is 23%. Tourism related services such as, food and accommodation, labor services, fuel and power related services are charged VAT at a reduced VAT of 13.5%. VAT is further reduced to 9% to sport related facilities and newspapers.
Basic food items, books, medicines, and children footwear and clothing are zero rated.
Exemption from VAT
Most of the insurance and banking services, education services, medical services and passenger transport are generally VAT exempt in Ireland.
Filing and compliance requirements
VAT returns are generally to be filed and paid on bi-monthly basis.
The threshold for registration for VAT purposes is € 75,000.00 where the turnover consists of 90% of supply of VATable goods.