- Managing VAT returns in France is crucial for financial health and legal compliance.
- France has a comprehensive VAT system called Taxe sur la Valeur Ajoutée (TVA).
- VAT is an indirect consumption tax on most goods and services.
- Businesses collect VAT on behalf of the state and submit VAT returns to the French tax authorities.
- VAT returns reconcile the total VAT collected and the total VAT paid.
- Filing frequency depends on annual turnover and VAT collected in the previous year.
- Monthly filing applies to businesses with high turnover, with returns due between the 15th and 24th of the following month.
- Quarterly filing applies to businesses with annual VAT due under 4000 euros, with returns due between the 15th and 24th of the month after the quarter ends.
- The simplified regime is for businesses with lower turnover and VAT liability under 15000 euros, with annual returns due by the second working day after May 1st.
- The simplified regime is phasing out by 2027, transitioning businesses to the regular regime.
Source: eurofiscalis.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.
