The 2024 Finance Bill was published on 27 September 2023 and, if approved, would introduce several measures to enhance the fight against tax fraud, focusing particularly on value added tax (VAT) non-compliance in the digital economy.
KPMG observation
Given the increased resources and extended powers of the French tax authorities and the EU-wide cross-border payment data sharing under the Central Electronic System of Payment information (CESOP) starting in 2024, it is crucial for businesses in the digital economy to confirm their VAT compliance.
Source: KPMG
