News
EU VAT group directive transposed into French law
Summary
The finance law for 2021 transposed into French law the VAT directive allowing the creation of a VAT Group. Under this regime, a single taxable person is created within a group of companies. The entry into force of this new system has been postponed to January 1, 2022, with regular application from January 1, 2023.
Content
The utility of the system is to guarantee greater neutrality of VAT on the organizational choices of companies. For the purpose of the VAT collection, a single taxable person is created between a parent company and its subsidiaries. Consequently, transactions carried out between members of the group remain outside the scope of VAT.
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