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

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 start a business in this country then knowing https://vatcontrol.com all about french vat will help you run your business efficiently. Even if 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 period.

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 along with a vat number in France as a foreign company. Vat in France is called TVA or Taxe sur la Valeur Ajoutee and it is managed by the Direction Generale Des Douanes Et Droits Indirect. If you apply as being a foreign company then there is no vat threshold or limit that should be achieved before receiving your vat number.

In case you have another office in another eu country such as the UK, Sweden, Germany, Spain, Greece, Poland, or any other country that follows vat you’ll be able to now import goods from France while also claiming back any vat that might have already 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 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 any country.

You can employ the services of an experienced vat agent or consultant that knows all about vat rules in countries which do business with your own. It is possible to alternatively hire French agents to deal with all of your vat issues in France including filing of vat returns and claiming vat refunds. In order 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 will 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 try for a vat refund in France. The standard vat rate in France is 19.6% while the reduced vat rates are 5.5% and 2.1% dependant upon the classification of products and services in France. There’s also certain services and goods that are vat exempt and knowing the correct vat rate should enable 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 a few other countries in the EU still trade in their currency, while you will get your vat refund in France only in Euros.

If you plan to start 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 however in return may also be able to reclaim vat which may have already 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.