>> read also: Finance Law: Everything about the 2024 tax measures (OEC)
Indeed, the Budget for the current year establishes the obligation for adoulsTHE notariesTHE lawyers approved by the Court of Cassation or for any person exercising notarial functions not to draw up any act until after the presentation of a certificate issued by the recovery services justifying the payment of the taxes et taxes encumbering the immovable relating to the year of transfer or assignment and to previous years.
In the event of a breach of this provision, the drafters of deeds are jointly and severally liable with the taxpayer for the payment of taxes and duties encumbering the property, the subject of the transaction. Another obligation is that the drafters of deeds are required to indicate the article number of the housing tax and some municipal services tax on the acts they draw up. Important clarification: the 2024 Finance Act also removed the expression “by the tax inspectors responsible for registration” because the formality of registering transfer deeds real estate is carried out electronically. These measures should enable municipalities to improve their tax revenues and therefore raise the level of local development.
Self-assessment of VAT: the new regime in force
The budget for the current financial year has introduced a new self-liquidation regime for the value added tax (VAT). This optional regime, which also comes into effect on 1 July, has enabled persons carrying out an activity subject to VAT to calculate the amount of VAT on their purchases made from suppliers located outside the scope of this tax or from those exempt without the right to deduction. The regime also allows the persons concerned to proceed, at the same time, to the deduction of the amount of this tax, and this excluding transactions ofpurchase of terrains and agricultural products.
Suppliers of equipment and works subject to VAT: withholding tax is coming
The 2024 Finance Law established a withholding tax system on operations carried out by suppliers of works capital goods subject to VAT. This deduction is therefore applicable to operations carried out from July 1. Indeed, this withholding tax must be made by taxable customers on the amount of VAT due for taxable operations carried out by suppliers of capital goods and works who do not present to these customers the certificate justifying their tax regularity under the reporting and payment obligations payment of taxesduties and taxes provided for by the General Tax Code (CGI). This certificate must be issued electronically by theadministration fiscale for less than 6 months. Note that theÉtatTHE local authoritiesTHE public establishments and other legal entities under public law are not required to carry out the withholding tax from VAT.
