Article 271 of the French General Tax Code
I. – 1. The value added tax that has been charged on the price components of a taxable transaction is deductible from the value added tax applicable to that transaction. 2. The right to deduct arises when the deductible tax becomes chargeable to the person liable. However, persons who carry out occasional transactions subject to value added tax only exercise the right to deduct at the time of supply. 3….