- The e-invoicing and e-reporting reform in France has a new calendar for implementation.
- Starting from 1 September 2026, all companies must be able to receive electronic invoices and large and intermediate-sized companies must be able to issue invoices using the specified formats.
- Starting from 1 September 2027, medium and small-sized companies must also be able to issue invoices using the reform’s formats.
- The French tax authorities have published official comments on the VAT treatment of bundled supplies.
- They specify that certain fees and free credit related to the main supply of goods/services are subject to VAT treatment.
- Consumer credit bearing interest is considered a unique VAT exempt supply.
- Lease purchase agreements are generally considered VAT taxable supplies.
- The VAT regime for transactions on works of art in France provides advantages such as reduced VAT rates and VAT only on profit margin.
- However, as of 1 January 2025, it will no longer be possible to combine these provisions.
Source: lexology.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.
