VAT aspects of 2022 Budget
Articles 89 to 98 of the LF 2022 mainly provide for the following:
- Operations relating to the exercise of a liberal profession are obligatorily subject to VAT whatever their natures. The taxable turnover is constituted by the gross amount of the fees and receipts realized;
- Exemption of the VAT of the transfer of object of art, collection or antiquity, of manuscripts of the national heritage to the museums, to the public libraries and to the services of manuscripts and archives. Their importation by these organizations is also exempt from VAT
- VAT rate for sales transactions made by electronic means is increased from 9% to 19%;
- Removal of the VAT exemption on sugar sales operations to subject them to the reduced rate of 9% VAT;
- Reduction of the tax rate on the sale of tickets for cinematographic performances;
- Extension of the benefit of the reduced rate of VAT on a transitional basis, until December 31, 2024, for services related to tourism, hotels, spas, classified tourist restaurants, travel and rental of tourist transport vehicles.
Source PwC
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