Tax office issues VAT guidance on Non-fungible tokens The French tax authorities have published guidance on the VAT obligations for Non-Fungible Tokens (NFT’s). It reflects the common practise of treating it as an electronic service. This includes supply of intangible goods, such as the creation
Potential additional VAT disclosure proposals ahead of July 2026 e-invoicing Since the French B2B e-invoicing mandate has been delayed until at least September 2026, there has been discussion around additional disclosure requirements for VAT invoices. This would help support the continuing battle to identify VAT
Music streaming services subject to 1.2% turnover tax Jan 2024 France has imposed a streaming media levy of 1.2% from 1 January 2024. This is down from the proposed 1.75%. The new levy is expected to raise €15 million per annum, allowing for an annual
New Administrative Guidelines for French import VAT deferment Following a public consultation in 2023, the French tax office published new Administrative Guidelines for the use of its Deferred or Postponed VAT Accounting for importers. Since January 2022 (see below) this has offered importers the opportunity
Strengthening e-commerce powers to tackle evasion; no new e-invoicing timetable In this week’s 2024 Finance Bill, there are a number of upgrades of powers and rules for the tax office (DGFIP) to tackle fraud. This follows the plan to combat public finance fraud announced by
Council of State finds VAT exemption conditions incompatible with EU VAT Directive Short term home sharers on platforms such as Airbnb are likely to face tighter rules on their VAT liability. Currently, they are exempted from VAT if the provider less than three of the
Ministry of Finance new roadmap for mandatory e-invoicing, e-commerce platforms and dropshipping reforms The French Ministry for the Economy and Finance has published a roadmap for a range of measures to combat fraud in public finances. This includes a range of VAT-related measures which the
France’s March 2026 B2B e-invoicing launch sees a special role for independent e-invoicing agents – PDP’s Mandatory B2B domestic e-invoicing in France will start in March 2026 (TBC). A pilot will start in 2025. Note: from 1 July 2024, all French taxpayers must be able to
Inflationary pressures mean adoption on e-ticket registers postponed to third quarter France’s plans to impose internet-based e-ticket receipts with digital reported receipts has been delayed. The headline annual inflation rate has now slowed to 6.6% for March 2023, considerably lower than the average Euro-region rate
