France was one of the first countries to introduce an indirect tax system. Following a major tax reform beginning in 1966, Value Added Tax (VAT) or Taxe sur la Valeur Ajoutée (TVA) was introduced in 1968 in France applicable to all business transactions.
The authority responsible for VAT is the Ministry of Economic Affairs and Finance (Ministère des Finances et des Comptes Publics), including the Junior Minister for Budget and Public Accounts (secrétaire d’Etat au Budget).
This in-depth VAT Guide outlines:
– The standard VAT rate
– The requirement to register for VAT
– The frequency of VAT filing required
– Invoicing requirements
– Agents and fiscal representatives
– SAF-T
Take a look at Taxback International’s France VAT Guide for further insights on the above and more!
Source Taxbackinternational
