Ireland’s Pay-As-You-Earn (PAYE) system is one of the most important frameworks that employers need to understand to manage their payroll obligations effectively. Introduced in 1960 and updated over the years, PAYE allows for the accurate deduction of taxes from employees’ paychecks, covering income tax, Pay Related Social Insurance (PRSI), and the Universal Social Charge (USC). […]
Budget 2024 (announced on 10th October 2023) contains a range of benefits for employees, including tax credits, changes to some tax bands and rates, with benefits for renters and home-owners. There are also significant benefits in relation to educational grants and child care, along with further energy credits for homes. Many of the changes come […]
Intax Presents Budget 2022 OVERVIEW Budget 2022 was announced on Tuesday, 13 October 2021. This document sets out the main changes in taxation, social welfare, health, housing, education, employment and other areas. It is an overview and not a complete statement of the measures announced in Budget 2022. There might be updations to the budget […]
The Stay and Spend Tax Credit Scheme is a new tax credit introduced by the government in order to support the hotel and hospitality industry, which were badly hit by the covid-19 pandemic. This scheme allows individuals to claim tax back on certain qualifying expenses such as the cost of accommodation, food and non-alcoholic drink […]
Every year, thousands of euros go unclaimed in the flat rate expenses allowances. This is mostly because people are not aware of what flat rate expenses are, who is eligible to claim and how to claim. This article contains brief information on: What are flat-rate expenses allowances? Who is eligible to claim flat-rate expenses? How […]
As per the Irish tax law, all PAYE workers are entitled to claiming a tax refund for their personal medical expenses, medical expenses of an immediate family member, or any other individual for whom you made the payment. You can claim your tax refund for the following medical expenses. Visits to the doctor: On average […]
