What do I pay tax on?

As a self-employed person, you pay tax on your net profits—that is, your business income minus allowable expenses.

You may also be taxed on:

• Other income (e.g. rental income, dividends)
• Capital gains from selling business assets (e.g. property or equipment)

Your net profit is the basis for calculating:

• Income Tax
• PRSI (Pay Related Social Insurance)
• USC (Universal Social Charge)

FastTax.ie makes it easy to calculate all tax owed on your income.