France proposes new online marketplaces VAT fraud obligations

18 November 2019

The French government recently proposed new measures to combat e-commerce VAT fraud within its draft budget for 2020.

These new measures target fulfilment houses and online marketplaces, and by introducing these, it is hoped that they will prevent the loss of millions of euros worth of VAT due to fraud in the sector.

The new measures include the obligation for the fulfilment houses and online marketplaces to:

  • Supply details of online seller customers’ VAT information (including imports and taxable transactions) to the French tax authorities upon request.
  • Maintain records of the online sellers’ transactions for a period of 10 years. If requested, this will help the tax authorities to verify that the VAT on their sales has been collected and remitted correctly.
LATEST NEWS

Brexit: actions to help you prepare

The transition period after Brexit comes to an end this year and even if a trade deal is agreed, there will be a host of changes to the current VAT regime that...

SEE MORE
LATEST NEWS

Portugal to introduce e-invoice serial numbers from...

From January 2021, the Portuguese tax office has confirmed that specific serial numbers issued by them will need to be shown on all taxpayers’ sales...

SEE MORE
LATEST NEWS

Ecuador to apply VAT on digital services from...

From 16 September 2020, Ecuador will impose VAT at 12% on the sale of e-services to local consumers by non-resident businesses.  At present, non-resident...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.