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Tax Credit for Entrepreneurs of Live Shows: Part I

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REF.: 0034

If you are putting on a show in France, you’ll be happy to learn that certain expenses are eligible for tax credit.

Entrepreneurs of live shows are now able to profit from a new tax credit. This article explains the necessary conditions and methods for calculating this tax credit and provides the information you need to stay ahead in the world of the arts.

Who is entitled to this? If you; operate in accord with ‘Article L7122-2’, your activity is subject to tax on businesses, you are responsible for a show or you support the costs of a show, then you can claim tax credit as an entrepreneur. ‘Article L7122-2’ refers to the operational activities of venues, the production or the distribution of shows; whether alone or under contract with other entrepreneurs of the same show – regardless of the management style (public, private, profit, non-profit).

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Reverse Charges (Autoliquidation)

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REF.: 0032

BtoB : What are the services subject to a reverse charge of VAT ?

In principle, the provision of services are taxable in France if the service provider’s main seat of his economic activity is in France. Since Directive 2006/112 / EC of the 28th November 2006, the VAT is paid by the customer if the service is carried out by a service provider established outside of France.

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Allocation of Free Shares

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REF.: 0027

Interview between Patrick Maupard and France DEFI

Very few companies have the resources to pay their teams high salaries in their early years. However, in order for these companies to develop, the entrepreneurs in charge will often require the skillset of qualified and experienced employees. A potential solution to this problem could be a ‘Share Warrant for Entrepreneurs(BSPCE), which could allow you to retain and motivate your employees and managers without impacting your cash flow.

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Choosing the right Legal Structure for your Venture in France

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REF.: 0025

Foreign companies: which is the best legal structure to adopt when making one’s first steps towards the French market?

Liaison office, branch, subsidiary… You should decide on a structure that meets your needs in terms of development (short-term or long-term) and desired level of control for the foreign company (low or high). However, the tax consequences and social obligations for each structure differ considerably, and therefore deserve a short analysis.

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VAT for construction work in France

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REF.: 0024

What VAT regime is applicable to construction work in France?

France has always been known as one of the most influential countries in Europe, playing a variety of roles throughout history. Thanks to this, France has been able to develop a unique architecture and many of its cities now make up what is considered to be the cultural heritage of the world.

As a result, the French have come to consider all property in France as part of this unique history and in wanting to preserve it, the French government has created a special taxation with a view to generating the funds to do so.

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Foreign Companies & Corporate tax in France

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REF.: 0023

As a foreign company establishing itself in France: under which conditions are you subject to corporate tax in France?

If you are looking to expand your activities in France, you will find yourself subject to corporate tax if you have set up a Permanent Establishment.

The sources of income that are subject to corporate tax in France are: on the one hand, those generated by “business carried out in France” [1], and on the other, those that fit the criteria set out in the international Non-Double Tax Treaties.

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French Research and Development Incentives 2016

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REF.: 0021

Starting up in France? Enjoy tax exemptions while you focus on getting your business off the ground.

 

In order to encourage new companies to invest in France, the French government has created different incentives to encourage the startup of innovative companies. These are accorded a JEI status (Jeune Entreprise Innovante) and a CIR tax credit (Credit Impôt Recherche). These allow the firms to enjoy tax exemptions during the initial few years, such as a reduction of the French social security contributions.

France’s Research Tax Credit covers 30% of all R&D expenses, up to 100 million euros, and 5% above this threshold. Salaries for research staff are included, as are 50% of R&D operating costs, and 75% of investments in R&D operations.

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Non-residents: are you subject to the French Wealth Tax (ISF)?

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REF.: 0020

All you need to know about taxes on your assets in France.

 

You will have undoubtedly come across the many heated debates on the legitimacy of the Wealth Tax, known by the abbreviation ‘ISF’ in France, in the French newspapers. For those of you with assets in France, property in most cases, be aware that you are subject to this Wealth Tax (ISF) if the net value of said assets exceeds 1,300,000 € on the 1st of January of the tax year in question.

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Non-residents: Are you declaring your French incomes to the tax office?

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REF.: 0019

If you are Non-Resident and receive income from French sources, you are subject to Income Tax.

If you are reporting your income for the first time, you need to send your handwritten tax declaration to the French Tax Office for Non-Resident individuals. After this, all following declarations can be made online, via the website www.impots.gouv.fr. In order to do this you will need an access code that you will receive after making your first declaration. This year the deadline for handwritten declarations is the 18th of May 2016, and the 7th of June 2016 for all online declarations.

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Putting on an Entertainment Spectacle in Paris

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REF.: 0018

What is the legal process to follow?

You are considered an “entrepreneur de spectacles vivants” if you are overseeing any activity at a performance venue, the production of a show, or the physical set up of a spectacle. Under this kind of management role, it is imperative to comply with several important rules particular to this sector in France.

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