- Proposed VAT Threshold Reduction: The French government plans to lower the VAT registration threshold for services from €37,500 to €25,000, effective March 1, 2025, potentially impacting up to 250,000 self-employed workers and raising concerns about increased prices and VAT fraud.
- Widespread Backlash and Suspension: The proposal has faced criticism from politicians and freelancer associations, leading the Trade Minister to suspend the measure and announce a full public consultation to address the concerns raised.
- Revised VAT Registration Thresholds for 2025: The new VAT thresholds would set goods at €85,000 and services at €25,000, aligning with the EU’s higher thresholds for domestic and pan-European sales, pending review by France’s Constitutional Council before final implementation.
Source Comarch
Click on the logo to visit the website
