VATupdate

Guidance: Simplified liquidation and recovery regime

The simplified system for the assessment and recovery of turnover taxes aims to allow small and medium-sized enterprises taxed according to their actual profit and turnover to benefit from simplifications with regard to the establishment and content of their tax returns.

10

The simplified tax system is the common law system for companies excluded from the basic exemption provided for in article 293 B of the general tax code (CGI) which meet the following conditions:

20

 Subject to the provisions concerning declarative obligations, it obeys the rules of taxation according to the actual turnover.

30

The simplified system for the liquidation and recovery of turnover taxes is defined by article 302 septies A of the CGI , in the version in force on December 31, 2021.

As of January 1 , 2022, the legislative texts governing this regime are transferred to Chapter II of Title VI of Book I of the Goods and Services Tax Code ( CIBS, art. L. 162-1 to CIBS , art. L.162-9 ).

40

In this section are examined:

The formalities to be completed in terms of VAT credit reimbursement are commented on in BOI-TVA-DECLA-20-30-10-20 .

Subject to the provisions concerning declarative obligations, this regime obeys the rules of taxation according to the actual turnover.

Source: gouv.fr

Sponsors:

VAT news
www.vatupdate.com
VAT news

Advertisements:

  • VAT news
  • VAT news