On the other hand, discounts and rebates must be subtracted from the taxable price when they are contractually agreed by the supplier. Costs incidental to deliveries or services (commissions, packaging costs, transport, insurance, etc.).Taxes and duties with the exception of VAT itself.The tax base is made up, for the supply of goods, the provision of services and intra-Community acquisitions, by all the sums, securities, goods or services received or to be received by the supplier or the service provider in return for these transactions, from the part of the buyer or a third party, including subsidies directly linked to the price of these operations. Exports and operations assimilated to exports.Certain operations carried out on importation.The exemption of certain real estate rentals.Exemptions from services rendered to their members by certain groups.Exemptions from which public utility organizations may benefit. Exemptions relating to the exercise of medical and paramedical professions, education and ancillary operations.Exemption from deliveries of used goods by their users.Exemptions tending to avoid double taxation (transactions subject to registration fees, gambling taxes, etc.).Transactions exempted under domestic regime, this mainly concerns:.The main cases of exemption are as follows: Unless otherwise provided by law (exports for example), the exemption entails the loss of the right to deduct the tax which encumbered the elements of the price of the transaction carried out. However, certain transactions which fall within the scope of VAT are exempt. Constitute an independent and usual economic activity.Are carried out by persons liable to VAT.Which constitute a supply of goods, a supply of services or an intra-Community acquisition.Must be subject to this tax transactions: These few concepts may lead you to question yourself, you can then contact us on this subject! I – TAXABLE AND EXEMPT TRANSACTIONS The information that must appear on invoices only with regard to VAT.We will indicate below some concepts of French tax law relating to: On the other hand, when carrying out an economic activity in France, it is important to know the main rules specific to the country. The general principles of VAT are identical in all the countries of the European Economic Community.
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