The seven main taxes in Ireland are as follows: Tax Head Brief Description Relevant ITI Publication Income Tax, PRSI and Levies All working people pay income tax. Those who are self-employedpay income tax under the self-assessment system. Employees payincome tax through the PAYE (Pay As You Earn) system. PRSI stands for pay-related social insurance and is the system by which individuals contribute to social insurance. Click for details Corporation Tax This is the tax paid by companies. Click for details Capital Gains Tax CGT is the tax paid by people when they sell acapital asset, e.g. a business or a rental property. Click for details Capital Acquisitions Tax CAT is the tax paid by people who receive wealthin the form of gifts or inheritances. Click for details Stamp Duty This is a duty paid in relation to the “stamping”of certain legal documents, e.g. contracts of sale. Click for details Value-Added Tax VAT is the tax levied on the value added togoods and services. Click for details Customs & Excise Customs is levied on goods imported from non-EUMember States, and excise is a duty levied on certain goods. Click for details
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