ICT warns vat rate will deter online purchasing

ICT Ireland believes that the high rate of VAT in Ireland will impact negatively on the level of online sales from consumers throughout the world.

ICT warns vat rate will deter online purchasing
Tue, 01 Jul, 2003 - 11:44

ICT Ireland believes that the high rate of VAT in Ireland will impact negatively on the level of online sales from consumers throughout the world.

European eCommerce is set to grow to €200bn by 2006, but Ireland will only account for €1 out of every €500 spent.

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