The rate and threshold indicated are applicable as from 1 January 2022.
If I am self-employed on a part-time basis how can I qualify for the 10% rate of tax?
First you must satisfy the basic condition, i.e. you have to be employed full-time, a pensioner or a full-time student/apprentice. You also have to satisfy some other conditions, that is you:
- Have registered the part-time work with the Jobsplus.
- Do not engage more than 2 employees (and such employees shall be on a part-time basis) in your part-time activity.
- Must keep proper books of accounts.
- Perform such work for a company, organisation, enterprise or entity other than that with which you are employed on full-time basis.
- Have to be registered for VAT (if you are obliged to register for VAT).
- Must pay the tax due using form TA22 by 30th April of the following year.
What must I do to pay tax at 10%?
Fill in form TA22.
Make sure that the tax you pay covers 10% of the net profit earned throughout the year from your part-time self-employment. The maximum payment each year is €1,200 (10% of €12,000).