Finance bill for 2024: VAT measures

• Redesign of the franchise system based on VAT and extension to taxable persons established in the European Union (PLF art. 10)
• Adjustment of the rules for liability for import VAT (PLF art. 19, I, 1°, 6° and 7°)
• Adjustment of the domestic VAT reverse charge mechanism applicable to transfers of certificates of guarantees of origin, certificates of capacity guarantees and production certificates referred to in the Energy Code (PLF art. 19, I, 2°)
• Exemption from VAT registration for foreign companies importing goods (i) released for free circulation or placed under temporary admission with partial duty exemption on the basis of the verbal declaration or (ii) intended to be used or transferred to free pass in the context of fairs, exhibitions and similar events (PLF art. 19, I, 3°, a)
• Adjustment of the one-off agent system for taxable persons not established and not registered for VAT in France carrying out in France only (i) imports for which import VAT is fully deductible and (ii) exempt transactions with right of deduction , subject to exemption from payment of VAT or suspension of payment specified by decree (PLF art. 19, I, 5°)
• ….

Source PwC

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