2 September 2019
From January 2020, France will require online marketplaces to verify the Value Added Tax status of foreign sellers using their online platforms.
The new rules will require digital platforms to verify VAT registration numbers of third party merchants using their platforms. This is in order to ensure they are VAT registered and accounting for VAT on their sales correctly.
Under the new rules, tax authorities will also notify marketplaces of any potential VAT fraud undertaken by their sellers. The marketplaces will then be expected to block the fraudulent merchants from trading on their platforms with immediate effect.
The new rules are similar to the marketplace VAT obligations recently introduced in UK, Germany and Italy.
LATEST NEWS
Lithuanian reduced VAT rate changes
The Lithuanian Ministry of Finance confirmed that it will: Increase the reduced VAT rate of 9% to 12% affecting such services as domestic passenger transport...
SEE MORE
LATEST NEWS
Gibraltar to introduce a 15% sales tax
As a result of a post-Brexit agreement between the UK and Spain, the British overseas territory of Gibraltar will introduce a 15% sales tax by 2028. Post...
SEE MORE
LATEST NEWS
Philippines delays implementation of VAT on e-services...
The Bureau of Internal Revenue (BIR) delayed the introduction of VAT on supplies of digital services by foreign providers to local consumers to 1 July...
SEE MORE