February tax revenues rise to €4.2bn boosted by buoyant employment levels

Outsized share of February's tax revenues was accounted for by income tax revenues, which rose to more than €2.4bn from the €2.2bn collected in February 2023

The performance of income revenues, which are one of the four big tax sources for the Government, will help reassure that employment levels continue to be buoyant at the early part of the year. Picture: Laura Hutton

The Government collected almost €4.2bn in tax receipts last month, around €270m more than a year earlier, helped by a significant rise in income tax receipts that appears to reflect record levels of jobs in an economy that is still facing high levels of inflation and elevated interest rates.

An outsized share of February’s tax revenues was accounted for by income tax revenues which rose to over €2.4bn from the €2.2bn collected in February last year, the exchequer returns show.