Starting a company in France: the basics

As with any country, France has its own set of obligations for companies operating in the country. Here are some of the key facts that you need know if you are planning on opening a new company or subsidiary in France:

The standard rate of corporation tax is 33%, however certain SMEs can benefit from a reduced rate of 15% on income up to 38 120€.
The standard rate of VAT in France is 20% and declarations are generally filed monthly
The French financial year runs from 1^st January to 31^st December. Corporate tax returns are due by the 30^th April and private income tax returns are due by the 31^st May each year for the previous year.
To find out if you will need to appoint an auditor for your French company, click here https://www.maupard.com/does-my-company-need-to-appoint-an-auditor/
In order to cover social security contributions, employers can expect to have to pay an extra 40-45% of their employee’s gross salary.
France has signed non-double taxation treaties with over 100 countries, ensuring that individuals and companies operating across borders do not have to pay any taxes twice.

Here at Maupard we have over 30 years of experience with assisting our clients set up and run companies in France. We can help you every step of the way, from tax to payroll to simply advice. Contact us at [email protected] for more information or for a quote.