- Understanding Fintechs’ French VAT obligations is crucial for optimizing business profitability
- Determining VAT liability is an essential first step for fintechs
- VAT exemptions on financial transactions can improve margins, but must be applied appropriately to avoid penalties
- Fintechs have the option to elect for VAT on certain transactions to recover VAT on expenses, but must carefully assess the decision
- Careful auditing and classification of activities can prevent risks of fiscal reassessment and help in structuring the business effectively.
Source: cyplom.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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