Ireland's tax revenue increased by 6% year-on-year through May, with corporation tax up 30.6%.

Ireland's tax revenue increased by 6% year-on-year through May, with corporation tax up 30.6%, income tax and VAT seeing strong growth. This led to a €0.8bn exchequer surplus. However, Finance Minister Michael McGrath warned of the risks posed by corporation tax revenue volatility. Despite the positive financial performance, expenditure is already ahead of targets, with €42.9bn spent by the end of May.

June 06, 2024
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