Pervasive Application Of The Postponed Accounting For VAT On Import As Of 1st January 2022

As a reminder, two major changes concerning import VAT will apply from 1 January 2022, both for companies established in France and for those who are not:

• The management and recovery of VAT applicable to imports will be transferred to the Direction générale des Finances publiques (DGFiP – France’s General Directorate of Public Finance),
• The pervasive application of the postponed import VAT accounting in France

Source: asd-int.com

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