Income Tax Brackets in Ireland for 2024

In general, the amount of tax paid by a taxpayer in Ireland is determined by their residence status, the source of their income and where they carry out their duties of trade, profession or employment. A taxpayer’s residence status depends on the number of days they are present in Ireland during a tax year.

The taxation system in Ireland is administered by the official tax body, the Office of the Revenue Commissioners (Revenue).

What is income tax? These refer to payments made by individuals or businesses to the government based on their income. The payments may be derived from employment, pensions, investments, business revenue or other income. 

The Taxes Consolidation Act 1997 provides guidance and support in the form of income tax tables for individuals and businesses. Taxpayers must familiarize themselves with these tax tables and the corresponding income tax brackets and income tax rates, for effective tax planning and to remain compliant with Irish tax laws.

Here you will learn about:

• headline tax rates
• personal income tax (PIT) rates for resident individuals
• Pay-related Social Insurance (PRSI) rates
• Universal Social Charge (USC) rates
• corporate income tax (CIT) rates 
• capital gains tax (CGT) rates
• withholding tax rates for residents and non-residents
• value-added tax (VAT) rates

Headline Tax Rates in Ireland

Personal Income Tax (PIT) Brackets in Ireland 2024

A self-assessment system, known as Pay and File, applies to income tax which must be filed through the Revenue Online Service (ROS). You will need to understand how tax credits and rate bands work and how these are calculated. Generally, your employer is obliged to report your pay and income tax deductions to Revenue. If you are a Pay as You Earn (PAYE) customer, you may be able to view your payroll information reported by your employer.

Personal Income Tax Rates for Resident Individuals

Income Tax Exemptions

An income tax exemption is available for certain individuals aged 65 and above. Tax liability is incurred only if income is above a specified limit:

• EUR 18,000 for an individual (single or widowed)
• EUR 36,000 for a married couple

Personal Income Tax Due Dates

Pay-Related Social Insurance (PRSI) Rates

Pay-Related Social Insurance (PSRI) is paid into the Social Insurance Fund depending on your earnings and the type of work you do. An individual who is self-employed with a minimum annual income of EUR 5,000 and is aged between 16 and 66 must also pay Pay Related Social Insurance (PRSI). This is calculated on an individual’s gross income once capital allowances have been deducted. Employers are responsible for deducting PRSI from your pay. However, self-employed workers and sole-traders also pay PRSI under Class S PRSI.

PRSI must also be paid if an individual receives rental income or legally enforceable maintenance payments.

Universal Social Charge (USC) Rates

The Universal Social Charge is a tax you pay on gross income if it is more than EUR 13,000.

Universal Social Charge Rates for Individuals Under 70

USC rates for individuals aged under 70 are tabulated below:

Universal Social Charge Rates for Individuals Over 70

The USC rates for individuals aged 70 years or over, or individuals in possession of a medical card, whose aggregate income for the year is EUR 60,000 or less are tabulated below:

Corporate Income Tax (CIT) Rates in Ireland 2024

Corporate Income Tax Due Dates

Capital Gains Tax in Ireland

Withholding Tax Rates for Residents and Non-Residents in Ireland

Value Added Tax Rates in Ireland

Value Added Tax (VAT) is a tax charged on the sale of goods or services. In Ireland, VAT is charged at different rates for various goods and services.