France: 2025 VAT exemption thresholds published
The French General Directorate of Public Finance released an administrative doctrine on March 3 outlining VAT exemption thresholds applicable in 2025.
The doctrine includes the following measures:
- From January 1, taxable persons may be exempt from declaring and paying VAT on the supply of goods and provision of services territorialized in France. However, they will not be able to deduct VAT.
- The national turnover threshold for the basic VAT exemption is set at 85,000 euros (US$89,576) for 2024 and will increase to 93,500 euros (US$98,534) in 2025, effective January 1.
- For certain services, the basic VAT exemption threshold is established at 37,500 euros (US$39,519) for 2024 and will rise to 41,250 euros (US$43,471) in 2025, applicable January 1.
- A separate basic VAT exemption threshold is set at 25,000 euros (US$26,346) for 2024, increasing to 27,500 euros (US$28,980) in 2025, effective March 1.
The update clarifies the applicable thresholds for VAT exemption in 2025.
Source: gouv.fr
