Did you know you may be able for the first €40K of your profits to be exempt from tax.
In order to qualify for this exemption your work must be original and creative and have either cultural or artistic merit.
The Artists exemption applies to the following categories of work:
- A book or other writing
- A play
- Musical composition
- Painting or other picture
It should be noted that the Artists Exemption only exempts you from Income Tax, you will still be liable to the Universal Social Contribution, PRSI and High Earners Restriction.
For further information or help makingor Artists exemption claim please contact us.