VAT Rates
DRILLING - FOR OIL or GAS (Non-residential immovable goods)
Rate
Reduced rate
Remarks
They are allowed to register for VAT, if the drilling is in the State or if the drilling is outside the 12 mile limit they have an establishment here. Otherwise, repayment claimed under foreign trader provisions.
Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref
Section: 46(1)(c) Schedule: 3 Paragraph: 15(2)