Ireland plans to cut VAT on food and entertainment to 9%, aiding businesses post-pandemic.

Ireland's new government plans to lower the VAT rate for the food, hospitality, and entertainment sectors from 13.5% to 9%, aiming to support businesses hit hard by the pandemic. This decision was agreed upon by Fianna Fáil and Fine Gael and is expected to benefit over 270,000 employees. The reduced VAT rate is part of the draft Programme for Government, which also includes commitments to other economic measures.

2 months ago
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