"The €32.9bn collected is separate to the Apple back tax payment that was ordered by the European Court of Justice in September 2024. It resulted in €10.9bn being paid that year, and a further €1.726bn in 2025. December was another strong month for corporation tax receipts, reflecting the buoyant performance of US pharma and tech companies here. A further €3.6bn was collected, up by €1bn on December 2024, again excluding the Apple money."
"There is no immediate end to the corporation tax bonanza in sight, with many big multinationals moving to a 15pc rate this year due to a new OECD global framework. Orla Gavin, head of tax at KPMG, said: "This is projected to raise an additional €3bn for the Irish Exchequer in 2026 due to the increased 15pc Pillar Two rate.""
"An even better performance under this tax head can be expected in 2026, under new Finance Minister Simon Harris, following the decision not to index the tax bands and credits in last October's Budget. Almost 100,000 households will be paying more income tax this year, according to calculations by Revenue. Some 23,000 taxpayer units - individuals or couples - who did not have a tax liability last year will have one in 2026"
Corporate tax receipts strongly boosted Irish revenues, with €32.9bn collected separately from the Apple back tax and Apple payments of €10.9bn in 2024 and €1.726bn in 2025. December corporation tax was €3.6bn, €1bn higher year-on-year excluding Apple. Many multinationals moving to a 15% Pillar Two rate are expected to raise an additional €3bn in 2026. Overall tax revenues reached €107.4bn, up €8.6bn (8.9%). Income tax totaled €36.6bn, up €1.5bn (4.3%); nearly 100,000 households will pay more in 2026 after bands and credits were not indexed. VAT rose to €22.9bn; motor tax held at €0.9bn. Capital gains and acquisitions taxes overperformed.
Read at Irish Independent
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