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VAT: Temporary cut to Ireland’s VAT rate from 23% to 21%

VAT: Temporary cut to Ireland’s VAT rate from 23% to 21%

As part of Ireland’s new economic package of 50 measures, which will cost the Irish government €5.2 billion, the country will put a temporary Standard VAT cut in place which will last from 1 September 2020 to 28 February 2021. The cut will see Ireland’s Standard VAT...
VAT: Saudi Arabia increases its VAT rate to 15%

VAT: Saudi Arabia increases its VAT rate to 15%

On 1st July, Saudia Arabia’s standard VAT rate increased from 5% to 15%. The reason for this VAT rise was first announced in May, when the country said they were going to put measures in place to help the economy to recover from the coronavirus crisis. The Saudi...
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