France: New VAT Rates Now in Effect
- Jan 2, 2014 | Gail Cole
France celebrated the arrival of 2014 with changes in VAT rates.
Effective January 1, 2014:
- The general rate increased to 20% from 19.6%;
- The intermediary rate increased to 10% from 7%; and
- The reduced rate dropped to 5% from 5.5%.
The value added tax increase is due to the amending of finance law number 2012-1510 (article 68).
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