France: Revisions to VAT Registration Thresholds for Resident Companies
On February 14, 2017, the Ministry of Finance revised the annual thresholds for value added tax (VAT) registration on certain sales. The changes pertain only to small and medium-sized resident companies. Effective January 1, 2017, the new thresholds are:
- €82,800 for purchasing and resale activities, sale for consumption on the premises and housing services, increased from €82,200
- €33,200 for other commercial and non-commercial services, previously €32,900
- €42,900 for certain regulated activities of lawyers, solicitors and performers, as well as transactions relating to intellectual property, previously €42,600
Foreign companies must register for VAT either upon making the first taxable transaction or for distance sales once the company reaches taxable sales of €35,000.