- Postponed Implementation Date: The law of March 12, 2023, aimed at modernizing VAT processing and collection, will now take effect on January 1, 2025, due to the required IT developments.
- Key Changes: The reform includes the abolition of the VAT account, new deadlines for VAT return submissions and payments, automated procedures for non-deposition of returns, specific response deadlines for tax administration, and a new tool for managing VAT credits called the “VAT commission account.”
- Objectives and Benefits: The reform aims to reduce the VAT revenue gap, automate and harmonize processes, encourage self-management by taxpayers, and improve efficiency within the tax administration. This will lead to faster VAT credit reimbursements for compliant taxpayers and greater collection of VAT through automated replacement declarations for non-compliant taxpayers.
Source Forum for the Future
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