Quarterly indirect tax update – August 2022

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Focus on VAT implications for Foreign Direct Investment

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In recent years Ireland has become an epicentre for Foreign Direct Investment (FDI) for a number of reasons including connected world class research, pro-enterprise policy and an attractive tax regime. 

However, one area that is often overlooked is the area of VAT. Foreign businesses investing in Ireland need to be familiar with the intricacies of this complex tax to ensure the benefits of its Irish investment are maximised and compliance oversights do not occur in this ever-evolving sector.

At Grant Thornton, we advise a wealth of such businesses by highlighting opportunities and overcoming challenges that will inevitably arise.