Corporation tax up 32.5% in August
Ireland's corporation tax revenue rose by 32.5% in August compared to the previous year, driven by higher tax rates on large multinational corporations. While corporate tax and income tax remain strong, excise duty on fuel has declined due to government tax cuts.
Why it matters
The data reflects the fiscal health of the Irish economy and the impact of global tax policy changes on multinational revenue.
Corporation tax payments shot up by 32.5% last month to €2.8 billion when compared to August 2025, partly due to some large multinationals being charged a higher rate of tax.
So far this year corporation tax is up 8.3% to €17.8 billion, as money has continued to roll in from large, foreign-owned companies.
Multinationals with turnover of more than €750m are now taxed at 15% instead of the lower rate of 12.5% as part of measures to clamp down on tax avoidance.
This resulted in an additional €1.2 billion in payments to the end of August.
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