Taxes on Income and Wealth Ireland's Tax Statistics 2021

Taxes on Income and Wealth

Online ISSN: 2565-5590

CSO statistical release, 23 November 2022, 11am

Taxes on Income and Wealth (D51) includes Income tax, Corporation tax, Universal Social Charge (USC) and Capital Gains Tax.

€44.7 billion was raised in taxes on Income, Profits, Wealth and Capital Gains in 2021, a 23% increase on the previous year. This was largely driven by increased income and Corporation taxes. However it should be noted that the Income tax receipts were impacted by the COVID-19 pandemic, with a small reduction in receipts in 2020.

Income tax reached record levels in 2021 at €23.4 billion. This accounted for a quarter (25%) of all taxes generated in the year.

Corporation tax receipts have increased significantly over the last 20 years with a substantial 28% year-on-year increase in 2021.

Table 5.1 Taxes on Income and Wealth

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Table 5.1 Taxes on Income and Wealth									€million
Tax Name	ESA2010 Code	1995	2000	2005	2010	2015	2019	2020	2021
Income tax	D51	5,240	9,197	11,978	12,305	14,857	19,751	19,581	23,357
Health levy	D51	272	680	1,117	2,014	-	-	-	-
Income levy	D51	7	-	-	-	-	-	-	-
Income tax - universal social charge	D51	-	-	-	-	4,196	3,848	3,847	4,411
Corporation tax	D51	1,458	3,885	5,503	3,944	6,872	10,887	11,953	15,323
Capital gains tax	D51	56	774	1,982	345	669	1,072	952	1,645
Fisheries levy	D51	-	1	1	1	1	1	1	1
Levies under the petroleum & mineral development acts	D51	4	2	-	7	4	-	-	-
Total taxes on income	D51	7,038	14,538	20,581	18,617	26,599	35,560	36,333	44,737

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Ireland's Tax Statistics 2021