Contributed by:
Mairéad Hennessy, Owner at Taxkey, www.taxkey.ie.
1.1ÌýÌýÌýÌý Introduction: overview of the domestic payroll system
Payroll administration in Ireland involves a variety of employer obligations, including tax and social security payments, which come with their own variety of detailed rules and regulations. Employers must withhold tax from employees' paychecks each pay period, and must report those deductions to the Office of the Revenue Commissioners.
Income tax is charged at a progressive rate, from 20–40%.
The Irish payroll process must also account for social security contributions from both employer and employee, collectively known in Ireland as Pay Related Social Insurance (PRSI). PRSI payments cover a range of social welfare benefits, and are generally determined by income level. The Universal Social Charge (USC), implemented in 2011, represents a further payroll consideration and
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 15:31