About Income Taxes
Income taxes refers to three separate deductions from your income, Pay Related Social Insurance (PRSI), Universal Social Charge (USC) and Income Tax.
Each of these deductions is applied in different ways, with different rates, different reliefs and different exemption thresholds.
All income received by an individual (or at times a company) who is liable to tax in Ireland will be subject to Income Tax.
Liability to tax in Ireland is dependent on your tax status; this determines how much of your worldwide income (earned in Ireland and abroad) will be subject to tax in Ireland.
The main body of legislation governing the taxation of income is the Tax Consolidation Act 1997 (TCA 1997)