We present below a summary of the main measures of the finance act for 2023 concerning companies. The presentation is divided into four chapters which are: Determination of tax resultsRead More »Finance act for 2023 – Main provisions concerning Companies
These allocation taxes replace the TVS from January 1st 2022, for an effective declaration in 2023. These taxes concerning the allocation of vehicles for economic purposes include: the annual taxRead More »The taxes on allocation of passenger vehicles
Since January 1st 2020, all French companies have been required to send their invoices to public bodies in electronic format. All these invoices pass through “Chorus Pro”. However, to date,Read More »Electronic invoicing (e-invoicing)
Intra-community acquisitions are subject to a special VAT regime. As of January 1st 2022, there has been a change in VAT reporting in this area. We present below a summaryRead More »VAT on intra-community acquisitions
We present below a summary of the main measures of the finance law for 2022. The presentation is divided into three chapters which are: Determination of tax results and corporationRead More »Finance act for 2022 – Main provisions concerning Companies
Since January 1st 2022, the collection of import VAT in France has been transferred from the customs service to the Direction Générale des Finances Publiques (General Directorate of Public Finances).Read More »Recap of self-liquidation of VAT on imports from January 1st 2022
The reform of the VAT on distance selling has become necessary because of the exponential growth in the number of online “B to C” transactions which has revolutionized the distanceRead More »The application of the VAT reform on e-commerce
The VAT on the margin generally concerns resellers who cannot recover this tax on the purchase price of the resold good (example: second-hand goods). It consists, for the company, ofRead More »VAT on margin
The delivery of tangible movable property constitutes an intra-community distance sale when the purchaser, established in another Member State of the European Union is an individual or a person benefitingRead More »V.A.T: The reform of the distance selling regime
The VAT deduction is only possible if the good or service has been acquired as part of an economic activity (usually a business) situated in the scope of VAT. TheRead More »VAT deduction: the conditions to be met to exercise it
There are a large number of different taxes in France. We will briefly introduce the most common. We can classify them into four categories: Inheritance taxes, Income taxes, Local taxes,Read More »Taxes in France
Intra-European services are divided into two broad categories: Services performed between taxable persons (B to B) located in the matter of tax at the place of establishment of the userRead More »Principles of VAT Taxation of services in Europe
The European Union is an area without borders. Thus, the concept of import or export disappears when it comes to the exchange of goods from one country to another withinRead More »Vat and intra-Community Trade in goods and other furniture
