Ireland Tax Agency Issues Guidance on Stock Exchange Fees, Debt Factoring, Invoice Discounting, Solicitor Services

The Irish Revenue Commissioners Dec. 5 issued Revenue eBrief No. 299/24, on the updated VAT guidance for stock exchange fees, debt factoring and invoice discounting, and solicitor services. Topics covered include: 1) exemptions for trading and regulation fees applicable to colocation services, primary dealers in Irish government bonds, and firms trading securities on Optiq; 2) what constitutes debt factoring and invoice discounting, the application of VAT to these transactions, and the deductibility of input VAT; and 3) VAT rates and registration requirements for solicitors, and the VAT treatment of legal fees related to lenders. [Ireland, Revenue Commissioners, 12/05/24]

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