- French government suspends VAT hike for micro entrepreneurs.
- The VAT threshold for micro entrepreneurs was proposed to be lowered to 25,000 euros.
- The proposal was met with protests.
- The government announced a pause on the change to allow for consultation.
- The change was due to come into effect on March 1st.
- The government aims to reduce competition distortions between professionals exempt from VAT and those subject to VAT.
- The change was expected to bring in 700 million euros in tax revenue.
- The government listened to concerns and decided to pause the change.
Source: thelocal.fr
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
