Ireland Tax Agency Clarifies VAT Treatment of Various Activities Following Enactment of Finance Act 2025

The Irish Revenue Commissioners Dec. 29, 2025, issued Revenue eBrief No. 250/25, including updates across several Tax and Duty Manuals on VAT. Topics covered include: 1) guidance on the second reduced VAT rate applicable to the supply and construction of qualifying apartments and apartment blocks; 2) that rental income is taxable at the standard VAT rate, from Jan. 1; 3) that all exemption waivers for specified property leases will be cancelled upon enactment of Finance Act 2025; 4) an expansion of the VAT exemption for managing special investment funds to include the automatic enrollment retirement savings system; and 5) the ...