French Finance Act for 2021 (Law n°2020-1721 of 29 December 2020) provides certain measures regarding VAT and indirect taxes.
- Implementation of VAT Group scheme (article 162 of the Finance act for 2021) – entry into force as of January 1st
- VAT and E-commerce: postponement on July 1st, 2021 (article 51 of the Finance Act) – measures applicable as of July 1st, 2021
- Clarification of the VAT rules applicable to complex transactions (article 44 of the Finance Act) – measures applicable as of January 1st, 2021
- Mandatory BtoB electronic invoicing – A government ordinance on the practical implementation expected by September 2021 (article 195 of the Finance Act for 2021)
- Clarification on sanctions applicable to VAT fraud (article 170 of the Finance Act for 2021)
Source: taxand.com
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