July 24, 2020
Ireland has recently announced a temporary Value Added Tax rate cut from 23% to 21%. The measure will come into place on September 1st 2020 until 28th of February 2021. The decision was made due to economic struggles in country that related with COVID-19 pandemic situation.
This is the first change to the standard VAT rate in Ireland since 2012 as rate increased from 21% to 23%. This cut will be helpful for many B2C companies so they could cut prices on a wide range goods exp.: autos, services, non basic food, e- services and professional services.