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Overview of Ireland's Taxes

Overview of Ireland's Taxes

Online ISSN: 2565-5590
CSO statistical publication, , 11am

In Ireland, more than €93.3 billion in taxes was collected in 2021.  Figure 2.1 shows the split between the main tax heads. Almost a third of these taxes were income taxes (€28 billion). Value Added Tax (VAT) was the next largest tax revenue, with almost €17 billion of VAT paid in 2021. Corporation tax revenues were €15 billion and there was €12 billion paid in PRSI. The remaining revenues include excise duties and property taxes.

For long labels below use
to display on multiple lines
Taxhead 2021
Income Taxes
including USC
30.1
Corporation
Taxes
16
PRSI13
VAT18
Excise &
VRT
6
Property Taxes
(D29+D59)
2
All other taxes15

The proportionate breakdown of the main taxheads over time can be seen in Figure 2.2. In 1995 corporation tax revenues accounted for 8% of total tax revenues compared to 16% in 2021. Income tax revenues were 28% of revenues in 1995 and this decreased between 2000-2010 before returning to approximately 30% of total tax revenue from 2015 onwards. VAT as a proportion of all revenues has decreased slightly in more recent years.

All Other TaxesProperty Taxes (D29 +D59)Excise and VRTVATPRSICorporation TaxIncome Taxes Incl USC
199515.02294197031042.2780026990553314.418353576248320.167341430499311.95681511470997.8704453441295628.2860998650472
200014.92081773682691.6901813993665412.850561474229822.006910452058710.863806507342411.186294270083526.4814281600921
200519.41839537747471.9342616273562610.287013356067123.440371317609211.80259543430910.425310220706622.6920526664772
201017.60445097627552.7755616208272110.243543984883521.135838757085914.12555112324178.2804954860382125.8345580516481
201515.24218774684822.944800783595068.6937975923409918.690953900597213.471199721950110.856583146386930.1004771082815
201914.37506167966052.384535675515647.4632389223329718.838201914536714.39726635744613.430129280568429.1115661699398
202015.11446040096691.570518206377737.1416568643925416.484624432868413.954991404159615.450538371055930.2832103201789
202115.04889203054551.773607942679056.350073364821317.78320427550912.892930201672916.411228566226529.7400636185458

Taxes are classified according to the European System of Account (ESA) 2010 framework. This is the harmonised methodology used by all European Union Member States. This framework groups taxes into the categories:

  • Taxes on Production,
  • Taxes on Products,
  • Taxes on Income,
  • Other Taxes,
  • PRSI and other contributions.

More detail on the classifications is available in the background notes. Figure 2.3 presents these groupings over time. Taxes on Income which includes income tax and corporation tax has been increasing steadily since 1995 and since 2006 has been by far the largest category of revenue. Taxes on Products has also been steadily increasing since 1995 – although at a slower rate than the taxes on income. The impact of the financial crisis in 2008 and the COVID-19 pandemic in 2020 can be seen in this graph, both of these events impacted taxes on income and taxes on products.

Taxes on products (D21)Taxes on production (D29)Taxes on income (D51)Other taxes (D59/D91)PRSI (D61)Total Other Contributions
19957028.05594656434877.1636389271237037.7410871853252.1182214.8791114.33134986573
19967758.78908336085946.0839329660718015.57592353129311.0937272727272271.5231156.9222598096
19978837.31568076753919.5884999268089234.31673034319354.1157636363642469.3341248.76669359036
199810076.60766202111005.8362532538310518.0935813928420.3327454545452715.2711308.27221858298
199911536.2780779365866.16308909836612527.2917946021532.9604363636363154.8031375.93833398446
200013416.1811632317845.02068198743514537.7587687363597.9895617372053772.535833333331559.92158851169
200113681.9178044721087.3613427742814959.7755239046588.6100045710574373.496833333331718.70420903369
200215070.2325271243.9955983077815530.1428496592.42254791.496833333331956.07045344946
200316421.8653061381.3293322222217086.0540386729.10755111.396833333332152.67200451807
200418374.5164181500.0545314444419051.0205678765.98755679.066833333332371.9058859653
200520648.1359541920.5946527777720581.28146418880.56756230.096833333332525.4225243616
200623429.1749351908.2659573333324147.43792266741019.5956830.576802743252751.26126776517
200724055.4060922071.74221825364.550274561154.83457770.163417463332952.38734220001
200820609.8288372194.0437742222322164.5699141167.4557957.330962175863052.24154492248
200916498.95822222222078.5249417287719117.40702864441243.98717193.328279104993075
201016308.571171996.7182113552318616.97713260531197.06936727.643105643932783
201115945.1155252088.9020629310619434.57943114771646.77927293.927875843678.62698764941
201216341.0131712264.0070929850220836.69708881711740.397156824.920567216673968.0101383606
201316997.3663392561.58650223521298.22542215051908.848557368.625809757863565.66181489718
201418527.4179153007.5157611990523016.05181107052231.193536757964.3853742.58370132
201519652.6087343160.4365463551626599.46330713051664.027253758527.06133694.13063783939
201620885.554493070.7069137866727893.46346715051449.424007759248.143804.21324000319
201721726.762484693355.3194899466729605.69895515051463.8727769834.3052853960.65089588678
201822449.19300733700.5362905633333276.794541321514.2898327510649.2082424181.29202942172
201924245.510715613721.1447020535559.8134231510.5713582511670.545947374356.06937012992
202021135.36036270653000.2957018701736333.2336431464.6145517510795.78748717024633.20514316504
202126308.01744583767.7392469736244736.6737267041528.0490377512037.91932929044953.73953984598

Taxes are paid to a number of different ESA sectors, (see Table 2.1).  The majority of taxes are paid to the central government sector with revenues of €79 billion in 2021. Local government tax revenues of €1.5 billion which is mainly commercial rates. PRSI of €12billion which is paid paid to the Social Insurance fund. Taxes are also paid to the rest of world with €735 million paid in 2021. This includes over €500 million in customs duties which Member States collect on behalf of the EU. For more details on sectors please see the background notes.

Show Table: Table 2.1 Summary of Government Sectors