Income tax (IT) is the tax you have to pay the government based on your yearly income. If you’re self-employed, you’ll pay taxes on any profit you make. This includes income from products and services that you sell online.
Income tax is the government’s main source of revenue and is collected by Irish Tax and Customs on their behalf. The government uses the revenue from income tax to provide funding for public services such as healthcare, education and the welfare system. This revenue is also used for other investments for public use, such as road construction, railways and housing.