Many Countries in Europe including France have adopted the system of vat or value added tax to tax services and goods, just in case you plan to begin a small business in that country then knowing vatcontrol.com about french vat will help you run your company efficiently. Even though you have other offices in different EU countries, learning all about vat in France will help you file vat returns and apply 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 a local company. You can get vat registration and a vat number in France as a foreign company. Vat in France is called TVA or Taxe sur la Valeur Ajoutee and 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 needs to be achieved before receiving your vat number.
If you have another office in another eu country such as the UK, Sweden, Germany, Spain, Greece, Poland, or any other country that follows vat then you can now import goods from France while also claiming back any vat that might have been paid in France. However, before you decide to rush in to to fill the vat form and apply for a vat reclaim, it is vital that you have thorough knowledge on uk vat, eu vat as well as french vat so you will not find yourself on the wrong side of any vat laws in a country.
You can use the expertise 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 handle all of your vat issues in France including filing of vat returns and claiming vat refunds. In order to not pay 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 will 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 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’s also certain goods and services which are vat exempt and understanding the correct vat rate should enable you to cut costs 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 in the EU still trade in their currency, while you will get 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 a own vat number in France by registering as being a foreign company. You will have to file regular vat returns but in return will also be able to reclaim vat that might have been paid in France. Knowing all about french vat can help you run your business efficiently and lower your costs that otherwise could have increased due to multiple taxation.