Tax credits for non-resident director of Irish company

[andrew_s]

Hi,

I'm a directory of an Irish company which I use for IT consultancy work. I left Ireland in July 2014 to work while travelling.

I've spent all that time since travelling around Asia (not officially resident anywhere), occasionally pick up small amounts of work (for clients based outside Ireland), billing via that company and paying myself a salary. In 2015 I was in Ireland for about 2 weeks.

So I'm wondering how screwed am I for personal tax credits for 2015?!

From what I've read, I'm not considered tax resident but was ordinarily resident, so I believe the following section of Revenue's RES 1 leaflet applies:

"Non-resident individuals are, in general, entitled to a proportion of allowances and tax credits with such proportion being the fraction -
Allowances / Tax Credits X Income within the charge to Irish tax / Total worldwide income."

Since I'm billing through Irish company, seems like "worldwide income" would be 0, which would mean I'm not entitled to any personal tax credit?!

Thanks for any input

 

[Gervan]

If you have no income other than the salary from the Irish company, your Irish income would be the same as your worldwide income, and full personal tax credits would apply.