The Paris 2024 Olympic Games in |
The Paralympic Games of Paris 2024 in |
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Depending on the nature of the operations and the resources deployed in France, the following questions need to be asked:
It is important to anticipate the time required to obtain a French VAT number, which in practice can take several weeks from the time the application is submitted.
There are specific rules and exclusions relating to the right to deduct in France, which may require:
By way of illustration, companies often invite their business partners and/or employees to this type of sporting event (sale or free provision of hospitality packages including transport, accommodation, meals, visits and access to competition sites). What are the VAT consequences of these practices? Is the VAT incurred deductible? Is the correct rate applied? Am I subject to any special rules in the event of resale (such as those applicable to tour operators)?
With regard to taxable persons not established in the EU in particular, we would point out that applications for French VAT refunds must be submitted in accordance with the procedure set out in the 13th European Directive (Directive 86/560/EEC).
It is also advisable to bring forward the deadline for submitting applications for VAT refunds under the 13th Directive for the recovery of French VAT incurred in 2023 (by 30 June 2024 at the latest).
Depending on the nature of the goods imported and the import arrangements, specific rules may apply, which may require:
We would draw your attention to the fact that if the imports do not qualify for temporary admission, they will have to be imported definitively, in particular by paying duties and taxes.