What is VAT?

Who are taxable and accountable persons?

Who is a taxable person?

A taxable person is any person who independently carries out a business in the European Union (EU) or elsewhere. It includes persons who are exempt from Value-Added Tax (VAT) as well as flat-rate (unregistered) farmers.

Who is an accountable person?

 An accountable person is a taxable person (for example, an individual, partnership, company) who:

  • supplies taxable goods or services in the State

     and

As such they are required to charge VAT in the State.

Next: Exemption from VAT