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Foreign Contract

I am looking to set-up as a sole trader in Ireland. One of my clients is an American company paying into my Irish account for work done. Do I have to pay taxes in both countries, or how does this work? Help!
M

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I'm no expert, but from my limited knowledge, I believe that tax paid on US income would be offset by tax credits as a result of the double tax convention present between the two countries.

This may indeed not be correct (completely), but because of the presence of the Irish-US DTA I'm sure you wouldn't be taxed twice on income, however this might be technically achieved (which someone else might be able to chip in about)...

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Also not an expert, but I would agree with the previous commenter that you won’t be taxed twice, just for different reasons - unless you’re a US tax resident yourself (and therefore subject to tax on your worldwide income), I don’t think you need to worry…as far as I know, you’ll just be liable to Irish tax on the earnings. Hope that helps!

C