- The right to deduct value added tax (VAT) can be exercised by offsetting it against tax due on deductible transactions or by refund for the portion of deductible tax that cannot be offset.
- The chapter discusses the general regime, specific regimes for certain businesses, and refund for non-established taxpayers in the state where VAT was incurred.
- The procedure for reviewing refund requests for VAT credits is outlined in the tax procedures manual.
Source: bofip.impots.gouv.fr
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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