Ireland Changes VAT Rates for Newspapers, Hospitality, & Tourism

November 9, 2022

The Government of Ireland published a document on the tax policy changes in Ireland’s budget for 2023. Included in the budget are VAT rate changes applied to newspapers and tourist accommodations.

Timeline

The new VAT rates on newspapers will be applicable as of January 1, 2023. Changes to the VAT rates in the hospitality and tourism sector will be effective from March 1, 2023.

The new rates

Under the 2023 budget, the VAT rates of the following products will change:

  • Newspapers and news periodicals, including digital editions will be zero rated;
  • The reduced VAT rate currently applied to the hospitality and tourism sector has not been extended. Therefore, 9% of VAT should be applied until February 28, 2023. After that, the applicable VAT rate will be raised  to 13.5 %. The VAT rate change concerns tourist accommodations, guesthouses, hotels, and other short-term accommodations.

Companies must be ready to update their systems to maintain compliance with the new rates. 

How can Fonoa help?

Instantly determine the tax treatment of your transactions globally using Fonoa’s flexible and customizable tax engine. Our easy-to-integrate solution automatically keeps track of changing rates and rules to help your business stay compliant. Get in touch today.

Eszter Kovacs
Tax Researcher

Eszter is a Budapest-based Tax Researcher at Fonoa. Previous to her time at Fonoa, she worked as an Associate at the tax law practice group of Baker McKenzie Hungary. Eszter joined Fonoa because she recognizes that the world of taxation is moving towards digitalization, and sees this company as a clear industry leader in that regard. Fun fact: She wanted to be a veterinarian as a child, but when she realized the job was not petting cute puppies 100% of the time, she changed her mind. Eszter currently pets cute puppies as a tax specialist.