France being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.
Standard VAT Rate: 20%
Reduced VAT Rate: 2.1%, 5.5% , 10%
Registration Threshold Distance Selling: 35,000 €
EU VAT number format: FRXX 999999999
Entities established/incorporated in France may be exempted in 2015 from registration if their turnover of the previous calender year (2014) was less than:
€82,200 - businesses selling goods
€32,900 - Businesses supplying services
The VAT registration procedure varies depending on whether the business is based in- or outside the European Union.
Detailed rules regulate reporting requirements of French transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes.