Are your accounting entries available in FEC format for the French authorities?
REF.: 068 Usually, the French administration imports the accounting entries of a company before conducting a tax audit.
Withholding taxes for all!
REF.: 065 In France, you are currently taxed on the amount of income that you received in the previous year. From 1st January 2019, things will change with the introduction of withholding tax! This new system will remove the 1 year gap between income collection and taxation and will adapt more quickly to changes in…
E-commerce and the French Tax System
REF.: 061 Small businesses are targeting clients directly, circumventing traditional revenue streams. Digital ‘real estate’ is in demand and getting more expensive every year.
Non-Residents: Are you declaring your French income to the tax administration?
REF.: 059 If you’re non-resident and receive income from French sources, you are liable to Income Tax.
DEB : Company obligations for Intra-Community Trade
REF: 052: If you carry out commercial transactions with European Union (EU) member countries or are planning to do so in the near future, this information may be useful: Within the European Union, most trade is carried out freely, with no formalities and without border control: there is no need to make a customs declaration.…
Reducing your French Wealth Tax (ISF) by investing in start-ups
REF: 048: The Wealth Tax (Impôt sur la Fortune) in France has long been a source of debate. Even today, it remains a sort of ‘tug-of-war’ between the political left and right. It is an applied tax on the wealth of “rich” people, which aims to increase the contributions to the state budget of people…
Fatca regulations in France
REF: 043: In order to open a corporate bank account in France, you must comply with certain rules beforehand. The FATCA (Foreign Account Tax Compliance Act) is an American law which was created in 2010 on March 18th. Its aim is to collect and store information in order to combat fraud and tax evasion. This…
The ATAD (Anti-Tax Avoidance Directive)
REF: 041: The law n°2015-1785, registered on the 29th December 2015, brings about a 3-year tax payment as an FNAL contribution at a rate of 0,50% on employees’ salaries for firms which employ a workforce of 20 employees or more through the years 2016, 2017 and 2018. The FNAL contribution (Fonds National d’Aide au Logement),…
How to claim back your tax?
REF: 035: In case of an error in the main base or the actual calculation of taxes, the taxpayer or their representatives can submit a claim to the administration in order to obtain a compensation. The Article R*196-1 of the Tax Procedures Book foresees a compensation period that expires on December 31st of the second…
Exit tax – Part 2
REF: 028: You are subject to the “exit tax” if you are a natural person domiciled in France who moves house, thus leaving France, and you meet the criteria of Art. 167a of the French General Tax Code (See our previous article Exit tax – Part 1).