WTS in France | FIDAL

In France, after half a century, the status quo of the tax regime regarding intangible assets is changed. Our French colleagues outline some of the principles behind the newly established “Nexus” approach.

In accordance with European regulations, the scope of the e-invoicing obligation will be extended to all domestic transactions between companies starting 1 January 2023. The 2020 French Finance Bill (Article 153) sets four objectives for the introduction of this obligation.

On 21 February 2021, the French tax authorities (FTA) published their related comments, providing useful interpretive guidance on the French Treaty as well as other treaties based on the MLI model.

The French tax authorities published their comments on the effects of the United Kingdom’s withdrawal from the European Union on the tax benefits granted to individuals and legal entities in respect of investments made in the EU or the European Economic Area.

The Amending Finance Bill for 2021, intended to finance the various accompanying measures related to the health crisis, was presented on 2 June to the Council of Ministers and is now before the Parliament.
Among the key measures, eagerly anticipated by companies, the temporary removal of the limit on the carry-back of losses.

France is implementing VAT group regulations for the near future.

In this article, our colleagues from FIDAL explain which requirements must be met by EU and non-EU/EEA investment funds in order to benefit from the exemption from French withholding tax.

The French Supreme VAT Court provides taxpayers with an extended timeframe for the reporting of input VAT.

Fidal’s International Mobility experts give advise on the major challenges businesses are facing in the context of the current crisis.