Tax Revenues Soar in Ireland

March 4, 2015 Taxation in Ireland

DUBLIN – The collection of tax revenues in Ireland has shown a significant rise, with almost all taxes showing a rise over the first two months of the year.

New data released on March 3rd by the Department of Finance of Ireland show that the tax revenues collected over the course of January and February was 15.9 percent higher than over the time period in 2014.

The revenues collected were also 5.4 percent higher than the level projected by the government for the two months.

Over the course of the first two months of the year, the total tax collections reached a level of EYR 6.74 billion, compared to a level of EUR 5.81 billion in 2014.

It was also noted that the collection of tax corporate taxes rose by EUR 174 million to reach a total of EUR 264 million.

Only the collection of Capital Gains Tax and Capital Acquisition Tax saw a drop, falling from EUR 87 million to EUR 60 million, and from EUR 18.5 million and EUR 18 million, respectively.

Photo By: Images Money

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