France will implement import VAT deferral from January 1, 2022

The French tax authority announced that from January 1, 2022, companies with A French VAT number can apply to the French tax authority to use the reverse charging mechanism for imported goods. To put it simply, goods entering The French customs do not need to pay import VAT at the time of customs clearance, but only need to declare payment and deduction at the time of submitting VAT declaration form. French VAT returns will be adjusted to facilitate the application of the new measures. The simplification will be mandatory and apply to all businesses that import in France and have a valid French VAT number, starting from January 1, 2022. In fact, this policy is similar to the previous UK VAT deferral.