VAT compliance and reporting rules in France Below is summary of the major rules provided under French VAT rules (Code Général des Impôt – CGI – the French Tax Code. Livre des Procédures Fiscales (Fiscal Procedures Code)), plus adoption of EU VAT Directive provisions .
Narrowing polls push candidates on VAT cut promises as inflation soars past 5% As France goes to the polls today in the first-round of the Presidential elections, far-right opposition candidate, Marine Le Pen, has committed to a VAT rate cut on petrol and diesel from
Registrations begins Sep 2023 for July 2024 launch of B2B e-invoicing – following Mexican decentralised Continuous Transactions Controls model The French tax authorities (Direction Générale des Finances Publiques) have clarified the July 2024 launch plans for B2B e-invoicing and B2C invoice reporting: Jun 2022: The
Small enterprises guidance for joining e-invoicing and e-reporting before Jan 2026 The French General Directorate of Public Finance has confirmed the status of small enterprises wishing to join on a voluntary basis the implementation of French e-invoicing from July 2024. They will be mandated to
European Commission grants derogation from VAT Directive for electronic invoices On 17 January, the European Commission granted France permission to introduce mandated electronic invoicing, and derogate from Articles 218 and 232 of Directive 2006/112/EC. This is a temporary derogation between 1 January 2024 and 31
New guidance on cross-border €10,000 registration threshold; distance selling; registration and invoicing; marketplace deemed supplier France has issued new guidance on the implementation of the EU e-commerce VAT package which came into effect from 1 July 2021. This follows a public consultation in the Autumn.
France introduced a local version of the OECD’s SAF-T harmonised tax data reporting schema. The French version, FEC (Fichier des Écritures Comptable). The new regime comes into effect from 1 January 2014. France e-invoicing will be introduced from 2024 following a 1-year delay. Learn more about
Intrastat and EC Sales List in France to follow standard EU practise From January 2022, France is to split its Déclaration d’Echanges de Biens (‘DEB’) monthly additional filing into two, following the usual model for EU member states: Intrastat – for declaring the taxpayer’s movement
France plans to introduce the concept of a VAT Group from 1 January 2023. This provides the option for related companies to form a single VAT person, with just 1 VAT registration, and eliminate the cash flow drain of VAT payments on intra-group invoices. Limited
From 1 January 2022, France will simply the reporting and cash management of VAT on imports of goods into France from outside of the EU. This includes easing of the criteria for using deferred VAT accounting (PVA) (already announced) and unification of the reporting. Plus
