Foreign companies or their branches in France registered for VAT purposes in France have to provide the French tax authorities with their electronic accounting file. Non-resident entities registered for French VAT as well as French branches of foreign companies are not required to keep their accounts in French GAP as long as they are able to provide the French tax authorities with a correlation table between their charts of accounts and the French GAP. Read More »
Tag: France
Exporter Demain! 27. août 2014 – Lausanne
E-business: votre internationalisation via le monde virtuel!
Le numérique et l’automatisation font partie intégrante du quotidien des exportateurs suisses depuis bien longtemps. Mais quel sera demain l’impact de ces outils en pleine mutation sur nos affaires? Où sont les risques et les dangers? Et quelles sont les nouveaux horizons qui s’ouvrent à vous?Read More »
France – VAT rate changes as per 1 of January 2014
The French tax authorities have reconfirmed in the recent Finance Bill that the VAT rate changes will take effect on 1 January 2014. The standard rate will increase from 19.6% to 20%. The intermediate rate will be increased from 7% to 10%. This rate will apply to various goods and services including restaurants and meals for immediate consumption, passenger transport, hotel accommodation, pharmaceutical products not reimbursed by social security and transfers of copyrights. Read More »
Tour Operators Margin Scheme (TOMS)
The European Court of Justice published its judgement in an infringement procedure where the EU Commission brought several EU Member States to the Court for failure to comply with their obligations under the EU VAT Directive.
The actions relate to the special scheme for travel agents which is commonly referred to as TOMS (Tour Operators Margin Scheme) and which is relevant from an EU-wide VAT perspective. There has been some uncertainty Read More »
Learning French
I had wanted to learn French for ages. To finally understand the “Grand Nation” in all its nuances, to be able participate, to read Victor Hugo and Maupassant in original. But it seems that fate begrudges me this.
The first serious attempt was when the SBB tendered a large project 15 years ago. For the success of the project it was necessary to speak French.Read More »
France – 1% tax on electronic media devices proposed (Acte II de l’exception culturelle)
On the 13th of May, the French government published a 700-page long report on the possible options to safeguard and maintain the financial support of the national culture industry. The government is of the opinion that the digitalization of distribution channels for commodities with cultural content such as films, music and books, Read More »
France – change in invoicing as from 1 January 2013
As from 1 January 2013 an additional wording needs to be stated on invoices, based on Article L 441-3 of the French Commercial Code. Articles L. 441-3 and L. 441-6 of French Commercial Code state that each invoice and terms of sale related toRead More »
France – fiscal representative for non EU companies
The changes introduced by the French Finance Bill 2012 include some welcomed simplification measures concerning the tax representation of non-EU companies in France. Until the end of 2012 appointing tax representatives was mandatory for non-EU companies for VAT registration, VAT compliance and for obtaining VAT refunds in France. As of 1 January 2013 using tax representatives for companies established outside the European Union, with which France has a legal mutual assistance agreement is no longer required. Read More »
France – Increase of the VAT rate as per 1 of January 2014
The normal VAT rate will raise from 19.6% to 20%. The reduced VAT rate for instance for restaurants will increase from 7% to 10%. The super-reduced VAT rate for food and energy, however, will be reduced from 5.5% to 5%. Why? Because the government wants to reduce the tax burden on the companies in area of direct tax.
With this tax relief the French government intends to make the French companies more competitive on the international market
France – exemption of repondant regime cancelled as from October 2012
As from October 2012 the repondant regime will not be applicable anymore. Therefore if you use this mechanism to improve your cash management and avoid a VAT credit position you will have to look for other options. The application of the reverse charge mechanism will not have any exemptions anymore. However the good news is that there are still ways how to manage cash flow issues in France.
Michaela Merz 