Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more

Ireland VAT Rate Reduction

edited Jun 2, 2025 2:22PM in Announcements 
This notice is intended for NetSuite accounts that have an Ireland subsidiary and you have installed the International Tax Reports SuiteApp.

Effective September 1, 2020 until February 28, 2021, the Value Added Tax (VAT) rate for Ireland will be reduced from 23% to 21%. Consequently, you will need to make changes to your tax codes in your NetSuite account to match the tax rate reduction.

What is Changing?

Starting from September 1, 2020 until February 28, 2021, the standard VAT rate will be reduced to 21%.

The Ireland VAT3 return form will be updated to report the tax codes applied with the new reduced standard VAT rate.

Recommended Actions

For accounts with an existing Ireland subsidiary, you need to do the following on or before September 1, 2020:

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

Expand your NetSuite knowledge by joining this month's Ask An Expert Live.

Refer a Member.gif

In case you know someone who is new to NetSuite, we encourage you to direct them to our newly launched "New to NetSuite" page. This page is specifically designed to offer them information and guidance and help them make the most out of their NetSuite journey. Click here for more details.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 4 (Oct-Dec 2025)

This Week's Leaders

This Month's Leaders

All Time Leaders