- France has implemented a 1.2% turnover tax on music streaming services starting from January 2024.
- The tax rate was reduced from the initially proposed 1.75%.
- It is estimated that the new levy will generate €15 million annually.
- The tax applies to companies with an annual sales threshold of €200 million in France.
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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