France: VAT recovery for Olympics operators with new expenses in France
Incurring new expenses in France can lead to a variety of tax issues.
Economic operators may have the opportunity to participate in or organize specific events for the Olympic Games in Paris. Incurring new expenses in France can subsequently lead to a variety of tax issues, notably regarding value added tax (VAT) recovery in France.
Depending on the customer's place of establishment, three methods are available for reclaiming VAT:
- Refund procedure for European established companies
- Refund procedure for non-EU established companies
- Refund procedure for companies registered for VAT in France
Depending on the nature of the expenditure incurred, refunds are only possible under certain conditions
- Hotel and accommodation expenses
- Meals and entertainment expenses
- Fuel expenses (petrol and diesel)
- Transport of passengers’ expenses and other specific expenses
- Leasing of private cars, private jets, gifts and samples, etc.
- VAT margin scheme, etc.
For more information, contact a KPMG tax professional in France:
Anne-Sophie de Béchade | anne-sophiedebechade@kpmgavocats.fr
Anne-Laure Benoist | anne-laurebenoist@kpmgavocats.fr
Philippe Breton | philippebreton@kpmgavocats.fr
Laurent Chetcuti | laurentchetcuti@kpmgavocats.fr
Arnaud Moraine | arnaudmoraine@kpmgavocats.fr