Many Countries in Europe including France have adopted the system of vat or value added tax to tax services and goods, and if you plan to start a business in this country then knowing https://vatcontrol.com all about french vat can help you run your company efficiently. Even if you have other offices in several EU countries, learning about vat in France will help you file vat returns and make an application for vat refunds within the prescribed time period.
France has several specific vat rules for those who like to do business in that country without forming a local company. You can get vat registration along with a vat number in France as being a foreign company. Vat in France is known as TVA or Taxe sur la Valeur Ajoutee and it is managed by the Direction Generale Des Douanes Et Droits Indirect. In case you apply as a foreign company then there’s no vat threshold or limit that should be achieved before receiving your vat number.
If 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 decide to rush in fill up the vat form and make application for a vat reclaim, it is vital you have thorough knowledge on uk vat, eu vat and even french vat so you will not end up on the wrong side of the vat laws in any country.
You can employ the services of a knowledgeable vat agent or consultant that knows about vat rules in countries which 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. If you want to avoid paying vat in France to begin with 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 apply for vat reclaim after fulfilling all documentary requirements including showing the vat certificate of your own country in France.
However, it is essential that you get vat registered in your own country before you decide to try for a vat refund in France. The regular vat rate in France is 19.6% whilst the reduced vat rates are 5.5% and 2.1% depending on the classification of products and services in France. There’s also certain services and goods which are vat exempt and knowing the correct vat rate should enable you to save money for your business in the very first place. Many of Europe now utilizes a common currency, i.e. the Euro, UK and some other countries within the EU still trade in their currency, while you will receive your vat refund in France only in Euros.
If you are planning to begin importing goods from France or utilize services in that country then you can easily get your 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 able to reclaim vat that might have been paid in France. Knowing all about french vat can help you run your organization efficiently and lower your costs that otherwise would have increased as a result of multiple taxation.