- French Senate is considering Bill No. 26 to raise VAT exemption thresholds for micro-entrepreneurs and small businesses.
- New thresholds: €93,500 for goods/services/accommodation, €41,250 for services/liberal activities (excluding lawyers), €55,000 for regulated legal professions/works delivery/royalties, €38,500 for unregulated legal professions/other activities.
- The changes increase the previous thresholds for each category.
- The new thresholds would take effect from March 1.
Source: globalvatcompliance.com
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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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