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Knowing all about french vat will help you run your organization efficiently


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Many European countries including France have adopted the system of vat or value added tax to tax goods and services, just in case you plan to begin a small business in that country then knowing vatcontrol about french vat can help you run your business efficiently. Even though you have other offices in different EU countries, learning about vat in France will help you file vat returns and make an application for vat refunds well within the prescribed time limit.

France has several specific vat rules in case you want to do business in that country without forming any local company. You can get vat registration and a vat number in France as a foreign company. Vat in France is known as TVA or Taxe sur la Valeur Ajoutee and is managed by the Direction Generale Des Douanes Et Droits Indirect. If you apply as being a foreign company then there’s no vat threshold or limit that should be achieved before receiving your vat number.

In case you have another office in another eu country like the UK, Sweden, Germany, Spain, Greece, Poland, or any other country that follows vat you’ll be able to now import goods from France whilst claiming back any vat that might have already been paid in France. However, before you rush in to fill up the vat form and apply for a vat reclaim, it is vital you have thorough knowledge on uk vat, eu vat as well as french vat so you do not end up on the wrong side of any vat laws in a country.

You can employ the expertise of a knowledgeable vat agent or consultant that knows about vat rules in countries that do business with your very own. It is possible to alternatively hire French agents to deal with all your vat issues in France including filing of vat returns and claiming vat refunds. In order to avoid paying vat in France in the first place you may also submit the local country vat no while purchasing products or utilizing services. For those who have been charged TVA or French vat then you’ll need to make an application for vat reclaim after fulfilling all documentary requirements including showing the vat certificate of your country in France.

However, it is vital you get vat registered in your own country before you apply for a vat refund in France. The standard vat rate in France is 19.6% whilst the reduced vat rates are 5.5% and 2.1% dependant upon the classification of goods and services in France. There are also certain services and goods that are vat exempt and knowing the correct vat rate should help you to save money for your business in the very first place. While most of Europe now utilizes a common currency, i.e. the Euro, UK and some other countries in the EU still trade in their own currency, although you will get your vat refund in France only in Euros.

If you plan to start importing goods from France or utilize services in the country then you can easily get a own vat number in France by registering as being a foreign company. You will have to file regular vat returns however in return may also be in a position to reclaim vat which may have already been paid in France. Knowing all about french vat will help you run your business efficiently and reduce your costs that otherwise would have increased as a result of multiple taxation.