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Taxes on Income and Wealth

Taxes on Income and Wealth

Online ISSN: 2565-5590
CSO statistical publication, , 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