04.28.22

Amendment of goods and services tax code

Several countries have adopted EU legislations into their own respective domestic tax codes and regulations. Such integrations serve a dual purpose: not only are domestic tax regulations aligned with EU regulations, but these allow the opportunity to provide greater harmonisation with the wider EU community.

The French Senate has adopted a draft bill 559 to this effect.

Amongst the provisions in this bill include the proposal for additional consumption taxes on electricity and energy.

Crucially, France also intends to implement the requirements relating to the EU’s shared VAT system into its own domestic tax legislation.