Ireland has implemented the EU-wide suspension of the value-added tax and customs on imported medical equipment used to fight the coronavirus, the revenue office said Wednesday.
The EU Commission announced April 3 that import duties and the VAT have been suspended on medical equipment entering Europe, including protective equipment for medical staff, testing kits, and ventilators.
- The measure applies to goods that the government or approved organizations import and make available for free to help fight the pandemic.
- The measure will significantly reduce the cost of some key items, Declan O’Dálaigh, manager of Irish Revenue’s Customs Reliefs Unit, said in its statement. For example, removing VAT and import duties would lower the price of imported surgical gloves by 25%, he said.
- The measure applies retroactively from Jan. 30 and businesses can get a refund on VAT paid since then.