Corporate Tax Revenues Jump 25% in June
Dublin: Corporate tax receipts surged by 25% year-on-year in June, a critical payment month accounting for about one-fifth of annual returns. This rebound helped offset a sharp 30% drop in May, bringing year-to-date corporate tax revenues up 7.4%, according to the Department of Finance.
The overall tax take for H1 2025 rose 6.7%, driven by strong VAT (+5.8%) and income tax (+4.3%) collections. June alone saw €7.4 billion in corporate tax, surpassing total corporate tax collected in all of 2017, reinforcing Ireland’s reliance on a small group of US multinationals in tech and pharma.
The robust receipts have enabled an 8.2% increase in government spending, exceeding budget projections, and contributed to an underlying exchequer surplus of €1.2 billion. The department anticipates a full-year budget surplus of 2.6% of national income, maintaining Ireland’s position among the most fiscally stable economies in Europe.
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