TVA Liquidation: Reduced Rates for Food Products – Update on Fruit Paste VAT Rate

• Reduced VAT rate of 5.5% does not apply to products classified as medicines
• Changes in VAT rates due to law passed in December 2022
• Option for VAT payers to claim refund for overpaid VAT or issue corrected invoices for underpaid VAT
• Parties can agree to waive the requirement for corrected invoices for transactions before September 30, 2024.

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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