Indirect Tax News Issue 3/2020 - October 2020
12 October 2020
The latest edition of BDO Indirect Tax News is now live.
Globally, these are still challenging times, and no one knows exactly what lies ahead of us. We still see governments taking measures to deal with the consequences of the COVID-19 crisis, such as VAT rate cuts in Ireland, Germany, and Belgium, while some countries are slowly cutting back on measures taken previously.
In issue 3 | 2020, our BDO Global colleagues report on the significant developments and changes in behaviour, as a result of the Covid-19 crisis, that have led to shifts in focus for tax authorities.
In Ireland, as part of the July 2020 stimulus package, the Irish Tax Authorities have announced the introduction of a temporary reduction in the standard VAT rate from 23% to 21%. This reduction in the VAT rate will remain in place for six months from 1 September 2020 until 28 February 2021.
Find out more about the Temporary reduction in the standard rate of VAT in Ireland.
This issue also looks at: