The reverse charge of import VAT
The reverse charge of import VAT: obligation to register for VAT in France
All companies that act as the importers of records in France are liable for VAT on import and will have to obtain a valid VAT French number, issued by the French Tax Authorities (DGFiP), and will have to file VAT filings. VAT will not any longer be collected by customs authorities on imports, reverse charge of VAT to importation (also known as "Postponed VAT Accounting" in the UK) becomes the rule for all taxpayers who must declare the amounts on their VAT filings.
This reverse charge mechanism will allow all companies to avoid heavy and costly pre-funding of import VAT.
RMB can help you in these steps and take care of the VAT registration formalities for you. Thus, you will facilitate your administrative procedures, save time and money! Please note that the average time for VAT registration in France is 2 to 3 months. We therefore advise you not to delay if you want to be ready for January 1st 2022.