2025 VAT Reform for Small Enterprises: A Unified European Framework Requiring Close Monitoring
Effective January 1, 2025, the VAT regime for small businesses in the European Union has been overhauled under Directive (EU) 2020/285, introducing a harmonized and modernized system for micro and small enterprises. The reform establishes common exemption thresholds across Member States and simplifies VAT compliance for businesses engaged in cross-border trade. Read more
Withdrawal of France’s Occasional Tax Representation Regime: Prepare for Compliance Before 2026
France will phase out the occasional tax representative regime on December 31, 2025, as part of an effort to harmonize VAT and customs compliance across the EU. From January 1, 2026, companies established outside the European Union will no longer be allowed to import under Customs Regime 42 using the VAT number of a simplified representative. Read more
Olympic Games issued the 2nd version of its VAT Guide
- The Olympic Games released the 2nd version of its VAT Guide for the upcoming Paris edition from 26 July to 11 August 2024.
- There are 3 ways to reclaim VAT: Local VAT Registration, 13th EU Directive for organizations outside the EU, and 8th EU Directive for organizations in the EU.
- Non-recoverable expenses include accommodation for directors or employees, passenger transport vehicles, transporting people (taxi, train, plane, bus, tube), petroleum products, assets sold without valuable consideration, and servicing relating to goods excluded from the right to deduct.
- Olympic Games 2024 – Tax Guide
Exportations from France
As of October 1, 2020, companies not established in the European Union (“EU”) can no longer appear as Exporter in box 2 of customs export declarations (EXA) made in France. However, in practice, French customs continued to accept companies established outside the EU to appear as exporters on customs documents. Read more
Reverse charge of vat on imports
As of January 1, 2022, the VAT due upon release for consumption in France of goods coming from outside of the European Union, has no longer to be paid at the time of customs clearance in France and must be reverse-charged in the VAT returns filed with the French tax services. Read more
Customs importer vs fiscal importer
The “direct” mode of representation is not allowed by European customs regulations for the import of goods in the name and on behalf of a company established outside the European Union (“EU”)
When you use a freight forwarder, carrier or other person established in the EU to import goods into EU territory, it is very likely that they will have offered to sign a mandate authorizing to act in the name and on behalf of your company according to the mode of “direct” representation. However, this mode of representation is only authorized by customs regulations if the person represented (endorsing the status of “declarant”) has an establishment within the EU. Read more
Summary Vat statement and answer to statistical surveys
Since January 2022, the methods of declaration of statistical and fiscal information relating to intra-Community supply and acquisition of goods, that were reported in Intrastat – “Déclaration d’Echange des Biens” (“DEB “) change. This reform follows the entry into force of a new regulation on European business statistics, known as the EBS, European Business Statistics (regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019). Read more
Electronic invoicing between taxable persons (“e-invoicing”) and transmission of information (“e-reporting”) to the French tax authorities from 1 July 2024
From 1 July 2024, businesses will face new procedures for the transmission of invoices (“e-invoicing”) and transaction data (“e-reporting”).
The application of one and/or the other procedure will depend on the place of establishment of the parties, the territoriality rules allowing to determine whether the transaction falls within the scope of application of French VAT, as well as the applicable invoicing rules.
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Webinar | E-Commerce: new EU VAT rules for B2C distance sales of goods and services will come into force on July 1, 2021!
A major VAT reform is coming in effect on July 1, 2021 in the Member States of the European Union. Companies providing certain services or deliveries of goods to private individuals located in the EU Member States, will be able to register at the VAT Mini One Stop Shop (MOSS) in a single EU Member State, where they can declare and pay VAT on all of their sales in EU Member States. Read more