What are the obligations related to VAT?

As you are being paid rents on a French property, you need to fill in an annual French tax return, and make VAT (purchase tax) returns.

Being a small company with a revenue lower than €763,000, you can choose the taxation scheme “réel simplifié” which is intended for one declaration per year instead of every quarter. However, every quarter you will be requested to pay a certain amount of VAT, amount which will be deducted at year end. In the event that you have any VAT credit at the end of the year, you will be reimbursed by the tax administration.

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