French Government Suspends VAT Hike for Micro-Entrepreneurs

French government suspends VAT hike for micro entrepreneurs.
The VAT threshold for micro entrepreneurs was proposed to be lowered to 25,000 euros.
The proposal was met with protests.
The government announced a pause on the change to allow for consultation.
The change was due to come into effect on March 1st.
The government aims to reduce competition distortions between professionals exempt from VAT and those subject to VAT.
The change was expected to bring in 700 million euros in tax revenue.
The government listened to concerns and decided to pause the change.

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