What information will you require to complete our VAT declarations for cross-border sale of goods?
For the VAT returns we will require:
- Copies of the excel file with schedule of invoices/statements for the delivery of the goods to France
- Copies of the excel file with schedule of invoices to customers to which goods were shipped together with copies of invoices from the transporters
How is VAT declared in France? Must it be done electronically/in hard copy?
As of October 2014, VAT returns in France must be filed electronically. If your company has a French bank account, payments must be done online.
Therefore, you are kindly requested to opt for online payments if you have not already done so.
Two options are available:
- Appoint a tax agent (i.e. Chartered Certified accountant, approved management centre …) who will carry out e-filing on your behalf via Electronic Data Interchange (EDI)
- Otherwise you may create a professional account on impots.gouv.fr under section « espace professionnel », « Créer et activer mon espace professionnel ». You will then be entitled to opt for e-services.
For more information, please visit www.impots.gouv.fr under the « International/Entreprises étrangères/foreign companies » section.
When is the deadline for declaring my income tax this year?
The deadline for paper-based returns is 18th May 2018. Online return deadlines are from the 23rd May to 6th June, depending on your postal address, and the deadline for non-residents is 23rd May 2018.
What is a liaison office?
A liaison office is a non-permanent establishment that can be set up in France exclusively to gain knowledge in the French market (i.e. to conduct market research). A liaison office cannot carry out any commercial activity, but it’s not subject to corporate tax, VAT or property tax, making it the perfect solution to test your business in France before fully committing.
Is there a minimum share capital to introduce to create company?
There is a minimum, €1.
However, whilst the minimum capital is technically €1, we advise that you have a starting capital of at least €1,000. This is so that your new company is viewed positively and seriously the bank that you approach in order to set up a bank account.