As a reminder, two major changes concerning import VAT will apply from 1 January 2022, both for companies established in France and for those who are not:
- The management and recovery of VAT applicable to imports will be transferred to the Direction générale des Finances publiques (DGFiP – France’s General Directorate of Public Finance),
- The pervasive application of the postponed import VAT accounting in France
The main amendment to point out is the automatic exemption of the four criteria mandatories in order to use this particular scheme.
Please note: only a company VAT registered in France is allowed to benefit from the postponed accounting for VAT on import.
To prepare for these changes, contact our experts.
Source: legifrance.gouv.fr (in French)
