Many Countries in Europe including France now utilize the system of vat or value added tax to tax services and goods, just in case you plan to begin a business in that country then knowing vatcontrol.com all about french vat will help you run your company efficiently. Even if you have other offices in different EU countries, learning all about vat in France can help you file vat returns and make an application for vat refunds well within the prescribed time limit.
France has several specific vat rules for those who like to do business in that country without forming any local company. You can get vat registration along with a vat number in France as being a foreign company. Vat in France is called TVA or Taxe sur la Valeur Ajoutee and is managed through the Direction Generale Des Douanes Et Droits Indirect. In case you apply as being 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 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 rush in to to fill the vat form and make application for a vat reclaim, it is essential you have thorough knowledge on uk vat, eu vat and even french vat so you will not end up on the wrong side of any vat laws in any country.
You can use the expertise of an experienced vat agent or consultant that knows about vat rules in countries that do business with your own. It is possible to alternatively hire French agents to handle all your vat issues in France including filing of vat returns and claiming vat refunds. In order to not pay vat in France in the first place you may also submit the local country vat no while purchasing products or utilizing services. In case you 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 you get vat registered in your own country before you decide to apply 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 goods and services in France. There's also certain goods and services which are vat exempt and understanding the correct vat rate should help you to cut costs for your business in the very first place. While most of Europe now utilizes a common currency, i.e. the Euro, UK and a few other countries in 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 the country you'll be able to easily get your own vat number in France by registering as being a foreign company. You will have to file regular vat returns but in return may also be able to reclaim vat that might have been paid in France. Knowing all about french vat will help you run your business efficiently and reduce your costs that otherwise could have increased as a result of multiple taxation.