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The French VAT Experience

Philippe Tournès and Anne Grousset, Partners, VAT Department, CMS Bureau Francis Lefebvre, discuss the VAT restrictions concerning the right to input tax deduction for branches in France

 
Philippe Tournès and Anne Grousset Partners VAT Department CMS Bureau Francis Lefebvre discuss the VAT restrictions concerning the right to input tax deduction for branches in France
 
Any enterprise intending to conduct operations abroad and having a measure of permanency may choose whether to form a subsidiary or a branch. Many reasons may lead any such enterprise to opt for one of these solutions.
 
Everybody knows that the branch is not a body corporate separate from the head office while a subsidiary is a genuine legal entity. The main merits of the branch are to be found in the fact...

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