- France is proposing to change the VAT regime for television subscriptions, increasing the rate from 10% to 20% in mainland France.
- The proposal would also quadruple the VAT rate in France’s overseas territories.
- CANAL+ says the measure would have a severe financial impact, potentially reducing revenue and operating margin by up to €200 million per year.
- The company argues the tax increase would likely force higher subscription prices, workforce adjustments, and lower support for film, sports, and broader cultural sectors.
Source: canalplusgroup.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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