VAT measures include:
- Due date of VAT on deliveries of goods on the date of receipt of the deposit
- Possibility for financial sector players to opt for the taxation of their operations, operation by operation
- Clarification of the VAT basis for transactions provided in return for the delivery of a multiple-use voucher (BUM) in the absence of information on the underlying transaction
- Adjustment of the rates of 5.5% and 10% in agrifood matters
- Modification of VAT rates
- Extension of the reduced rate of 5.5% to appliances, materials and equipment for people with disabilities
- Extension until December 31, 2022 of the reduced VAT rate of 5.5% for protective masks to fight against Covid-19 and other products intended to fight against Covid-19
- Extension of the application of the reduced VAT rate of 5.5% to operations for the acquisition-improvement of social rental housing
- Adjustment of the scope of the specific rate of 2.1%
- Extension of the increase in the deductible based on VAT in Martinique, Reunion Island and Guadeloupe
- New requirements for tax representatives for companies not established in the European Union
- Various exemptions in matters of international and military relations
- Constitutional compliance of the penalty for sale without invoice
Customs
- Declaration of trade in goods (DEB): compliance with European Union law of the VAT rules
- Reverse charge of import VAT: extension of the reform of import VAT to non-taxable legal persons who are identified for VAT
- Strengthening of the incentive tax relating to the incorporation of biofuels (TIRIB) in transport
Source PWC Avocats
