Dáil Éireann Debate, Thursday - 21 May 2026
209. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the effective corporate tax rate for each year since 2016 excluding non-trading income, in tabular form; and if he will make a statement on the matter. [38487/26]
Amharc ar fhreagraI am advised by Revenue that the table below outlines tentative estimates for the effective corporation tax rate for each year since 2022 excluding non-trading income. These are the years which can be supplied in the timeframe available for answering a parliamentary question.
The estimates were prepared by removing income taxable at 25% from total taxable income and by removing tax levied at 25% from the total corporation tax liability due. I am further advised by Revenue that, to the extent that items such as losses, reliefs, credits or charges are attributable to or used against non-trading income specifically (or offset against tax arising on non-trade income), these are not reflected in the analysis as this level of information is not currently available for statistical analysis. Similarly, it may be the case that certain reliefs and credits reduce the overall corporation tax liability due and do not distinguish whether it is corporation tax arising from trading income or non-trading income that is being reduced.
|
Year |
Estimate of Effective Rate excluding non-trading income |
|
2024 |
9.0% |
|
2023 |
9.4% |
|
2022 |
9.9% |
Further information in respect of effective tax rates for companies is provided in Revenue’s annual Corporation Tax research reports, available online at: www.revenue.ie/en/corporate/information-about-revenue/statistics/corporation-tax/research-reports/index.aspx
It is noted that the above figures are in respect of Irish corporation tax only and do not include additional Pillar Two top-up taxes that will be collected in respect of fiscal years commencing on or after 31 December 2023. The first Pillar Two returns will begin to be filed from next month, June 2026. The Pillar Two framework aims to ensure a minimum effective corporation tax rate of 15%, on a jurisdiction-by-jurisdiction basis, for businesses with average annual group turnover over €750 million.
