News
Ireland: EU Issues Guidance on VAT Scheme for SMEs
Summary
Irish Revenue provides guidance on the EU VAT SME Scheme, allowing small enterprises under €100,000 to sell goods and services without VAT, effective January 1, 2025
Content
The new EU VAT SME Scheme went into effect on January 1, 2025, and the Irish Revenue has released its application guidelines.
Small businesses that make less than €100,000 annually are eligible for the program, which enables them to sell goods and services to EU clients without having to charge VAT. Both the domestic and cross-border components of the scheme are covered by the guidelines.
Comments
Questions and comments (0)
There are no comments on this news yet.