Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.
Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.
Ireland will temporarily reduce the VAT rate for the hospitality sector (hotels, restaurants, bars, etc.) from 13.5% to 9%. The change is effective from November 1, 2020 until 31 December 2021.