The French tax authorities (FTA) published on June 22, 2022 an updated version of their guidelines relating to the financial and banking transactions that may be subject to VAT upon option as well as the scope and conditions of the option.
As a reminder, the 2022 Finance Act amended Article 260 B of the French tax code (FTC) so that the taxable person who exercises the option to tax (OTT) may choose to apply it on a transaction-by-transaction basis. Prior to January 1, 2022, once the option was exercised, it was global and applied to all transactions falling within its scope.
Source Deloitte
