Understanding Your Self-Employed Tax Obligations In Ireland
As a self-employed professional in Ireland, your tax responsibilities can vary depending on how you work but here’s what you generally need to know:
- You’ll need to declare all sources of income to Revenue and claim any eligible expenses by filing an annual tax return.
- The deadline for filing your annual return is the 31th of October after the end of the tax year (31th of December)
- You’ll need to pay preliminary tax towards the current year, and any balance owed for the previous year by the October 31st deadline.
- You need to stay VAT (Value Added Tax) compliant. As of 2025, if your turnover exceeds €42,500 (services) or €85,000 (goods), you’ll need to register for VAT. For more information on VAT thresholds visit revenue.ie
- You may also need to consider other tax areas like Capital Gains Tax (CGT), Local Property Tax (LPT), or tax on rental income depending on your situation.
- Keeping your records in order is key, hold on to receipts and documentation for all business-related expenses.
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