- Decree n° 2024-1195 of December 21, 2024 harmonizes tax regimes in Europe
- New VAT franchise regime effective from January 1, 2025
- Allows French companies to benefit from VAT franchise in other EU countries
- European companies can access the franchise in France under similar criteria
- Main condition: turnover ceiling of €100,000 in the EU
- Mandatory electronic notification for companies to obtain a specific identification number
- Simplifications include issuing simplified invoices for companies under the regime
- Clarifications on VAT obligations for foreign companies operating in France
- Turnover must be in euros and exchange rates based on ECB rates
- Measure aims to simplify and clarify commercial exchanges between EU countries and support competitiveness of French and European companies
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.
