- Irish VAT standard rate is 23 percent for most goods and services
- Reduced rates apply to specific sectors like electricity and restaurants
- Zero rates apply to exports, intra-EU deliveries, and certain foodstuffs
- Registration is mandatory for businesses with turnover over 75000 euros
- Distance sales have a 10000 euro threshold
- Non-compliance can result in penalties
- VAT registration is required for non-Irish entities with the first taxable transaction
- VAT group registration is available for linked entities
- VAT obligations include specific invoicing requirements and bimonthly VAT returns
- VAT refund claims must be made within 4 years
- Digital services have specific VAT rules, including a 23 percent rate for B2C
- Imports are taxed at the same rate as domestic goods
- Exports are zero-rated if conditions are met
- Reverse charge applies to certain B2B transactions
- Penalties for non-compliance range from 3000 to 5000 euros
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
