- Proposed VAT reforms in France, which would have lowered exemption thresholds for small businesses, have been scrapped.
- The changes faced strong opposition from freelancers, small business owners, and parliamentarians.
- The current VAT exemption thresholds (€37,500 for services, €85,000 for retail) will remain in place for now.
- The government acknowledged the reform was unpopular and will not include it in the upcoming finance bill.
- Future VAT reforms for small businesses are still possible but seem unlikely in the near term.
Source: thelocal.fr
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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