Did you know that?

Did you know that?

The third amending Financial Law for 2012, adopted on 29 December 2012, has abolished for residents of a non-E.U. member State the obligation to appoint a Fiscal Representative in France to carry out formalities relating to declaration and payment of TVA (VAT – Value Added Tax), on condition that such State has signed with France a convention for mutual assistance in the collection of fiscal debts.

This is an enormous leap forward in the way to simplify and lighten the burden of tax and administrative procedures on business operators. In practice this means that, if you wish, you can declare VAT directly in your own name and, above all, pay it directly, without having to appoint a fiscal representative to do it for you. This implies, however, that you register for VAT in France, a relatively swift procedure. France is presently negotiating mutual assistance conventions with other non member States. A complete list of such States will be published by law and will be available in this site INTEREXCO SA.

It is recommended to seek advice from a chartered accountant (Expert Comptable) before  engaging in this new simplified procedure.