Apple tax money boosts Ireland's surplus to 23 billion euros in 2024

Apple tax ruling fuels record budget surplus in Ireland

Robert Besser
09 Apr 2025, 16:06 GMT+10

Apple tax money boosts Ireland's surplus to 23 billion euros in 2024

A major legal battle over corporate taxation has helped Ireland post a record surplus, with the final decision in the Apple case pushing public finances into unprecedented territory
Ireland recorded a surplus of 23 billion euros last year, according to provisional figures from the Central Statistics Office
This includes more than 13 billion euros in Apple tax money, which was the subject of a dispute between the U.S. tech giant, Ireland, and the European Commission

DUBLIN, Ireland: A major legal battle over corporate taxation has helped Ireland post a record surplus, with the final decision in the Apple case pushing public finances into unprecedented territory.

Ireland recorded a surplus of 23 billion euros last year, according to provisional figures from the Central Statistics Office (CSO).

This includes more than 13 billion euros in Apple tax money, which was the subject of a dispute between the U.S. tech giant, Ireland, and the European Commission.

The provisional CSO figures indicate a significant increase in the surpluses recorded in 2023 and 2022 (8.3 billion euros and 8.6 billion euros, respectively).

They also indicate that the government debt ratio decreased to 40.9 percent of GDP at the end of 2024, compared to 52.6 percent three years ago.

The figure will be finalised when the Government accounts are published on April 22.

Ireland is in the process of recovering more than 13 billion euros, plus interest, in corporation tax from the US tech giant after the European Commission successfully argued that Apple had been given undue tax benefits that were illegal under EU state aid rules.

Apple and the Irish Government had argued that the correct amount of tax had been paid and fought the commission in a years-long legal dispute.

U.S. President Donald Trump criticized the ruling when he met Taoiseach Micheál Martin in the White House last month.

The CSO recorded the full Apple tax amount in the year 2024, after the final ruling was issued.

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