Investor Presentaiton

Revenues increased despite Covid CT revenue growing due to multinationals; income tax base helped by progressive system Corporation tax (CT) receipts have jumped again in 2021 to c. €14bn for the year 25% 20% 15% 10% 5% 0% 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021f 2023f 2025f Corporation Tax (€bns, RHS) -Corporation Tax (% of tax revenue) Corporation Tax (% of GG Revenue) Progressiveness of income tax system and sector mix limited hit to overall receipts and helped with revenue rebound 18 40% 15 35% 12 30% 25% 9 20% 63 15% 10% . 5% 0% Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: Department of Finance, Revenue, NTMA analysis Under 10K 10K-30K 30K-50k 50K-100K % of taxable income cases % of income tax collected 100k-150k 150K+ 31

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