IRELAND’S TAX STABLE AMID CORONAVIRUS PANDEMIC

Highlights –

• With the ongoing pandemic, Ireland’s tax has been unexpectedly stable.
• Smaller than anticipated falls in income tax and VAT receipts.
• The state collected $1.8 billion of income tax in May, down 7.8% year-on-year.
• VAT receipts fell 35.4% year-on-year in May.

According to the finance department, job losses due to the lockdown were conce....