Dáil Éireann Debate, Tuesday - 10 February 2026
221. Deputy Colm Burke asked the Tánaiste and Minister for Finance the total 2025 tax receipts in income tax, VAT and corporation tax; the way in which these compare to 2024; and if he will make a statement on the matter. [9957/26]
Amharc ar fhreagraAt a headline level, tax receipts of €107.4 billion were collected in 2025. This is down by €0.6 billion on 2024. However, the 2024 receipts were boosted by a larger tranche of once-off receipts arising from the Court of Justice of the European Union (CJEU) ruling of September 2024. When these one-off proceeds are excluded, underlying tax receipts of €105.7 billion for 2025 were ahead of 2024 by €8.6 billion or 8.9 per cent. The growth was driven by income tax, VAT and corporation tax receipts.
Income tax receipts amounted to €36.6 billion in 2025, ahead of 2024 by €1.5 billion or 4.3 per cent, reflecting continued employment and wage growth in the economy.
VAT receipts in 2025 came to €22.9 billion, an increase of €1.1 billion or just over 5 per cent, demonstrating the resilience in consumption.
Of course, the most notable feature of 2025 was the performance of corporation tax receipts, with underlying receipts (excluding the CJEU revenues) amounting to €32.9 billion, an increase of €4.8 billion or 17.2 per cent on 2025. Corporation tax receipts now account for almost one-third of all tax revenues collected by the State.
Tax revenues closed the year broadly in line with expectations. Income tax and VAT receipts exceeded their Budget 2026 target by 0.2 per cent and 0.6 per cent. Corporation tax, largely due to a strong December, closed the year just over €800 million ahead of its Budget 2026 projection.
