- Ireland is embarking on a significant VAT modernization, transitioning from a retrospective reporting system to real-time eInvoicing and digital reporting, aiming for harmonization, standardization, fraud prevention, and increased business digitalization.
- The implementation will be phased, starting with large corporations in November 2028, followed by all domestic VAT-obliged businesses in July 2030 to align with the EU-wide ViDA (VAT in the Digital Age) initiative.
- Businesses are advised to prepare by mapping processes, assessing data readiness, fostering cross-departmental coordination, and engaging early with the Irish Revenue, who are committed to providing guidance and support for a smooth transition.
Source Fintua
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