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About Irish Taxation
Understanding Your Taxes
The Irish tax system consists of several components that self-employed individuals need to pay:
- Income Tax: Charged at 20% (standard rate) on income up to the standard rate cut-off point. Income above this threshold is taxed at 40% (higher rate).
- Universal Social Charge (USC): A progressive tax with different rates depending on your income level.
- Pay Related Social Insurance (PRSI): Self-employed individuals pay Class S PRSI at 4% of their income.
Tax Credits & Reliefs
Tax credits directly reduce the amount of tax you pay. Self-employed individuals are entitled to:
- Personal Tax Credit: €2,000 (2025 rate)
- Earned Income Tax Credit: €2,000 (2025 rate) for self-employed individuals
- Additional credits may apply based on your personal circumstances
This calculator provides estimates based on the 2025 tax rates. Tax rules and rates can change annually with government budgets. For professional advice tailored to your specific situation, consult with a qualified tax advisor or accountant.