Department of Finance Suggests to Increase the VAT Rate for the Hospitality Sector from 9% to 13.5%

VAT Rate for the Irish Hospitality Sector May Be Increased from 9% to 13.5%

The special 9% VAT rate introduced in 2011 to encourage employment and growth in the tourism sector during times of economic crisis might be phased out, as the Department of Finance has advised Minister Paschal Donohoe that increasing it to 13.5% would translate into an extra annual revenue of €500 million. As reported by The Irish …

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