Given it’s a relatively new industry, it’s understandable that many Irish bloggers are unclear about the rules when it comes to tax, butHere’s a handy breakdown to bookmark as you strive to hit the bigtime:But what about all those lovely freebies? Well, according to Taxback.com, the tax treatment of gifts of goods and services from businesses is a little different.
When bloggers are sent gifts, they are under no actual obligation to review the items. Therefore, it is not payment, but a gift. However, if the value of the gifts given by a single person/company is more than €3,000 in a tax year, then there is a tax implication and you must pay any tax due.According to Taxback.com, any payment received is counted by Revenue as income and thus taxable.
The Shona Project’s Tammy Darcy: “We’re on a mission to make every girl in Ireland achieve her potential.”