- There are three VAT tax regimes in France: the basic VAT exemption regime, the simplified tax assessment regime, and the normal tax assessment regime
- The basic VAT exemption regime spares businesses from declaring and paying VAT on sales and services rendered
- Microbusinesses typically qualify for the basic VAT exemption regime
- Certain activities are excluded from the basic VAT exemption regime
- Businesses can opt for higher regimes if they are in a lower one
- It is important to stay up to date on the different VAT rules in place in France
Source: stripe.com
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.
Latest Posts in "France"
- French Constitutional Court Upholds Constitutionality of Digital Services Tax
- End of VAT Simplification in France for Non-EU Importers
- Training ‘Holding: Facilitator & VAT’ (Nov 18)
- France publishes information on simplifications and allowances regarding e-invoice obligations
- French Court Ruling Highlights Importance of Documentation for VAT Exemption on Exports