- France has updated its VAT registration thresholds for 2024, impacting small and medium-sized enterprises (SMEs). The thresholds are €34,600 for goods and €86,900 for services.
- These thresholds determine whether a business is required to register for VAT in France based on its annual turnover. Exceeding these amounts necessitates VAT registration and compliance with related obligations.
- Foreign businesses are not subject to these thresholds and must register for VAT in France upon their first taxable transaction. Distance sales thresholds and upcoming e-invoicing requirements are also important considerations for businesses operating in France.
Source RTCsuite
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