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yesterday

Ireland Books €12.4 Billion 2025 Budget Surplus as Corporate Tax Jumps 17%

Officials will channel €6.5 billion into savings funds to cushion volatile, multinational‑driven receipts.

A swan walks on grass as the Irish Financial Services Centre (IFSC) is seen in the background, including the Central Bank of Ireland, in Dublin, Ireland August 30, 2023. REUTERS/Clodagh Kilcoyne
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Overview

  • Corporation tax receipts reached €32.9 billion in 2025, up 17.2%, with December intake €1 billion higher than a year earlier excluding Apple.
  • The budget balance came to €12.4 billion, or 3.7% of modified GNI, outperforming the ministry’s October projection.
  • Excluding one‑off Apple back‑tax payments (€1.7 billion in 2025 after €10.9 billion in 2024), the Exchequer recorded a €3.8 billion surplus, €2 billion better than 2024.
  • Income tax rose 4.3% to about €36.5 billion and VAT grew 5.1% to €22.9 billion, reflecting solid jobs and consumer spending.
  • The government will invest €6.5 billion of the surplus in sovereign and savings funds, lifting them to €24 billion alongside new caps targeting average spending growth of 6% a year.