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French 22% VAT possibility

  • Dec 9, 2016 | Richard Asquith

French 22% VAT possibility

The prospect of a 2% VAT increase in France – from 20% to 22% - has been raised by presidential-favourite Francois Fillion.

The former prime minister won last month’s Republican party nomination. He has proposed big cuts to the French corporate tax rate to help the country be globally competitive. The wealth tax would also be removed. The tax rate cut would be funded by a 2% VAT rise. France’s current VAT rate is 20%, compared to the EU average of just below 22%.

The French presidential election will take place over two votes, concluding in May 2017.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.