France raises VAT on sugar drinks to 19.6% in 2012
- Oct 1, 2011 | Richard Asquith
France has put forward plans to increase VAT on non-alcoholic drinks in 2012.
The announcement was made by Prime Minister Fillon as part of the 2012 Budget plans. The drinks included are: lemonade, fruit juices or nectar with added sugar. The Value Added Tax rate on these consumables will be recategorised from the reduced rate to the current standard VAT rate, 19.6%.
Experts from the Association des industries alimentaries claimed this would lead to a 1% rise in prices.
Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara