France Customs Agency Posts Circular on VAT for Manufactured Tobacco

The French General Directorate of Customs and Indirect Taxes June 9 posted online a circular on VAT for manufactured tobacco products. The circular includes: 1) the scope and basis of the law; 2) the 16.67 percent VAT rate, effective Jan. 1; 3) the 20 percent import VAT rate, effective Jan. 1; 4) the consumption tax rates on tobacco products sold in mainland France and Corsica; 5) the minimum tax on tobacco products sold in units of less than 1,000; 6) collection and payment procedures; 7) the taxation of imported tobacco; and 8) examples of tobacco tax calculation and payment methods ...