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Taxes to target plastic surgery in France
Cosmetic procedures may become subject to France’s value-added tax under the country’s new Socialist government.
Bill Gillette
June 14, 2014
1 Min Read
Paris — Cosmetic procedures may become subject to France’s value-added tax under the country’s new Socialist government.
French tax collectors are expected to consider reclassifying procedures, such as abdominoplasty, liposuction and breast augmentation as aesthetic rather than medically necessary, Agence France-Presse reports. Cosmetic procedures are currently not subject to the 19.6 percent value-added tax.
The French government is looking to make up nearly $5 billion in deficits if the country wants to keep its pledge to balance the budget by 2017, according to Agence France-Presse. Tax authorities are currently considering which procedures to include in the tax.
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