New VAT Exemption Rules for Small Businesses in France

The decree (No. 2024-1195) was published in the Official Journal No. 0303 of 22 December 2024.

Scope: Applies to businesses in France and EU benefiting from VAT exemption.
Objective: Clarifies billing rules and new procedures following EU changes.
Effective Date: January 1, 2025.
Key Provisions:
- Simplified invoicing for eligible businesses.
- Detailed information requirements for businesses seeking VAT exemption in other EU states.
- Deadlines for compliance with VAT obligations under EU directives.
Implementation: Based on Article 82 of the 2023 Finance Law.