Ireland Clarifies Large Corporates in Scope of VAT Modernization

Ireland’s tax authority clarified the definition of a “large corporate” ahead of the first phase of the country’s e-invoicing and real-time reporting program for value-added taxes.

A VAT-paying business will be considered a large corporate if its tax affairs are handled by the Large Corporates Division in Revenue and it is established, or has a fixed establishment, in Ireland, the office said in a press release Tuesday.

Ireland is conducting its e-invoicing program as part of the EU’s VAT in the Digital Age reform that will apply to cross-border trading within the bloc from July 2030.

• Businesses in scope ...