As of October 1st 2014, all companies, including foreign companies registered for VAT in France, will have to submit electronic …
As of October 1st 2014, all companies, including foreign companies registered for VAT in France, will have to submit electronic VAT returns. Failure to do so can result in a penalty amounting to 0.2% of the payable VAT.
France/VAT rates
Though VAT rates were increased on January 2014 in France, the French Tax authorities had not so far updated their official guidelines (BOFIP). This has now been done on September 19th and the official FTA guidelines are now updated with regards to the applicable VAT rates in France.
France/Reverse charge mechanism in the building sector
Following the implementation of a reverse charge mechanism applicable to sub-contractors in the building sector, the French Tax Authorities have released in September new additional comments in the form of a Q&A.
The link to the document released by the FTA: http://www.impots.gouv.fr/portal/deploiement/p1/fichedescriptive_7142/fichedescriptive_7142.pdf
Cyrille Konter
TEVEA International
