French Senate adopts draft law amending the Goods and Service Tax Code

The bill contains provisions that: 

• Impose three domestic consumption taxes on electricity, natural gas, and coal, effective 1 January 2022.
• Impose two domestic consumption taxes on energy items, as well as tax breaks for the use of renewable energy in transportation, effective 1 January 2024.
• Harmonize the norms of the tax lawsuit process. 
• Align excise tax arrangements on alcoholic drinks with EU regulations; and 
• Implement the requirements related to the EU’s shared VAT system and the general excise tax framework.