Collective procedure Management

Article 272 Amended by Law No. 2006-1771 of December 30, 2006 – art.93 – JORF December 31, 2006 in force on January 1, 2007

1. The value added tax which has been collected on the occasion of sales or services, is imputed or reimbursed under the conditions provided for in article 271 when these sales or services are subsequently terminated or canceled or when the corresponding debts have become definitively irrecoverable. However, the imputation or reimbursement of the tax can be made from the date of the court decision which pronounces the judicial liquidation. The charge or the refund is subject to the justification, with the Administration, of the rectification of the initial invoice.
2. The value added tax invoiced under the conditions defined in 4 of article 283 cannot be deducted by the person who received the invoice.
3. The value added tax relating to a supply of goods may not be deducted when it is shown that the purchaser knew or could not have been unaware that, by his purchase, he was participating in a fraud consisting in not not pay the tax due on account of this delivery