Wednesday, November 11, 2009

To work in Ireland? Tax refunds explained


If you go to Ireland to work, it is important to know some facts to Irish tax in order to ensure that you do not lose at the end of your money.

When you start your work in Ireland, you must make sure that you give your employer your PPS number to avoid paying tax relief - which is much higher than that of normal tax in Ireland. A Personal Public Service (PPS) number is the unique reference number that you received from the Department of Social and Family Affairs. It allows you to pay labor, taxes and public services in Ireland.

Independent tax and income tax

When you start working, you will be paying taxes in Ireland, either as an employee payroll tax (if you're a receptionist, a nurse or teacher, for example) or as self-employed as a sub - Dealing with construction.

If you are a payroll tax (Pay As You Earn) worker, as a receptionist or a teacher, your employer takes tax and PRSI on your income.

If you are self-as a subcontractor for the construction, workers, or if you need additional revenues, which are outside of your payroll tax income you declare on your own responsibility and must include all taxes, income from self-reporting tax.

If you already started to work in Ireland you pay 20% tax on profits up to € 35,400 and 41% on all income above this and PRSI. PRSI is a social insurance and pay the contributions.

The claim on your tax Ireland

The Irish fiscal year is from 1 January to 31 December and you have up to four years in order to recover any overpaid tax. You can request refund PRSI 2009 until the end of the year, or taxes now, as far as 2003

If you know how you could be owed want, you can use a free online calculator tax refund.

To submit your application in Ireland, you must submit a tax return. A tax return is the annual submission of tax forms documenting your earnings, pay taxes, deductible expenses and allowances, which you present to the tax authorities for examination. Check based on information supplied by your employer and the current laws that apply to you.

If you have a tax refund, this means that the Control Office of Tax found that you have overpaid tax in Ireland and some were due back.

You can claim tax credits and benefits, including:

PRSI
Medical and dental
Rent Relief
Tuition fees or the European Union
Fillers
Single parent allowance

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