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France looks set to withdraw the proposed VAT rate change from 19.6% to 21.2%

Monday, 09.07.2012
VAT News

The French Council of Ministers has recently adopted the Second Amending Finance Bill for 2012, which includes the withdrawal of the proposed VAT rate increase from 19.6% to 21.2%.
 

The Bill also includes a reduction in the VAT rate on books from 7% to 5.5% with effect from 1st January 2013. 

This Bill will be subject to further Parliamentary discussion on 16th July 2012.