- French General Directorate of Public Finance opened a consultation on VAT rate changes for energy subscriptions and supplies
- Proposal to abolish the reduced 5.5 percent VAT rate for electricity and gas delivery subscriptions
- Standard 20 percent VAT rate to apply to subscriptions starting on or after August 1
- Requirement for heat supplies to have at least 50 percent renewable energy for reduced VAT rate
- New definition for renewable energy requirement effective March 1
- Comments on the consultation are due by September 1
Source: news.bloombergtax.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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