EU COMPANIES AND THE FRENCH REVERSE CHARGE

Jan. 15, 2020 |  Blog - Customs & Tax - 



Before January 1st, 2020, the importation under the French reverse charge was only available to non-EU owning companies through their customs representative. An EU company had to prove that they had carried out at least 4 importations into the European Union customs territory during the twelve months preceding the importation under the French reverse charge.

Since January 1st, 2020 it is possible to import a vessel under the French reverse charge even though the owning company is established in the European Union.

However, there are conditions to respect:

  • The company must have at least one year of existence
  • The company must have a system (of internal control) in place to manage customs and tax filings and documents which allow the taxpayer to fully track its importations.
  • The company must be able to justify that the latter or its directors have not been involved in serious or repeated breaches to the tax and customs provisions
  • The company must have been financially solvent in the 12 months preceding the request to apply the reverse-charge system.

The YMCA team remains at your disposal for further queries,

Best regards,

 

Contact us:

 

Landline: +33(0)4 92 00 43 9

E-mail: info@ymca-yachting.com

 


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