The National Assembly adopts the increase in the basic deductible on VAT in the West Indies and Reunion

The purpose of this amendment is to extend until December 31, 2022, the increase in the basic exemption from Value Added Tax (VAT), for the territories of Guadeloupe, Martinique and the meeting.

The territories of Mayotte and Guyana are not subject to VAT.

A measure beneficial to small businesses and consumers

This amendment will relieve small businesses that do not exceed a certain turnover and whose threshold varies according to the activity carried out.

The measure will lighten the wallets of consumers, who will be billed without VAT.

The mechanism for increasing the basic VAT exemption was directly derived from the law of February 28, 2017, known as the programming relating to real equality overseas, which provided for an experiment for a period of 5 years .

The measure was therefore due to disappear on March 1, 2022. The extension of the experiment will therefore give a second wind to these territories, whose small businesses have been particularly affected by the health crisis.