Accounting Guides
DEDUCTIBLE EXPENSES OF BENEFITS OF COMPANIES IN FRANCE
Below is an inventory of the main expenses that… more
THE PAYSLIP IN FRANCE : ITS DESCRIPTION
The pay statement is, for many people, difficult to interpret. The problem is even more important for business leaders who do not speak… more
FINANCE ACT FOR 2019 :
MAIN PROVISIONS CONCERNING COMPANIES
The second part of this finance law is devoted to the provisions concerning companies.
We will limit ourselves… more
PROFESSIONAL TRAINING IN COMPANIES IN THE TAX ASPECT
The purpose of this article is to present the two taxes that companies are liable to and which are intended to ensure the… more
FINANCE ACT FOR 2019 :
MAIN PROVISIONS CONCERNING PERSONAL TAXATION
This year we are again presenting the most important provisions of the Finance Act in two parts:… more
NEWS ABOUT THE WITHHOLDING TAX SYSTEM IN FRANCE
We published during June 2018 an article on the WITHHOLDING TAX SYSTEM (in French "Prélèvement à la source" or P.A.S.) in… more
EXEMPTION FROM "CSG-CRDS" ON ASSETS INCOME AND INVESTMENT PRODUCTS FOR CERTAIN FOREIGN PERSONS
In a famous court affair (The DE RUYTER case), the European Court of Justice and… more
BUSINESS OBLIGATIONS FOR DEATH INSURANCE AND COMPLEMENTARY HEALTH INSURANCE
… more
TOURIST TAX
Municipalities can ask holidaymakers staying in their territory to pay a tourist tax. However, the municipality is authorized to exempt certain categories of… more
Knowledge of the product, the market, an innovative idea, a concept of values, an image ... you may think that it is enough to start a business and that this is simple!
The… more
We propose below an agenda for a year by specifying the deadlines for the declaration and payment of various social contributions concerning companies.
The operations… more
We propose below an agenda for a year by specifying the deadlines for the declaration and payment… more
THE ESSENTIAL ELEMENTS TO UNDERSTAND THE “TAXE FONCIERE” AND THE “TAXE D’HABITATION”
The owners… more
France is renowned for its complexity in legal matters when setting up a company. We’ll try to explain clearly…
more
Very small businesses subject to income tax can benefit from the "MICRO FISCAL" and "MICRO SOCIAL" schemes. We indicate below as well as the main characteristics of this scheme… more
T.F.E. is an optional service for foreign companies that employ in France and do not have any establishments in that country.
This device is only intended to simplify the… more
Trade within the E.E.C. is free, without formalities and without border controls. However, companies are required to provide customs services monthly with a Goods Exchange… more
From 2019, the "Prélèvement à la source" (P.A.S.) will be applied to almost all the income of French taxpayers. This concerns people in activity (employees or self-employed) as… more
In our previous article, we produced a profit and loss account translated into English to make it easier for English-speaking managers to read a company's accounting documents… more
English-speaking managers who run French companies or establishments of foreign companies located in France must understand the meaning of the various items of their balance… more
To help Anglophone investors better understand French law, we will try to give a translation as expressive as possible of some legal terms in three areas:
Tax,
Company law,… more
There are a large number of different taxes in France. We will briefly introduce the most common.
We can classify them into four categories: Inheritance taxes,… more
The creation of a small business in France involves many choices that the creator must make at the time of incorporation. These choices are mainly at three levels:
Legal (… more
This is a new wealth tax that applies to people with real estate assets worth more than € 1,300,000. It enters into force as from 1 January 2018. In return, the I.S.F. has just… more
New rules on cash register software are applicable since January 1st 2018 to all VAT taxable persons. First, we need to define a cash register software: It is a computerized… more
The great novelties of the finance law for 2018 are:
The establishment of a uniform tax rate on income from savings and capital gains on securities,
The tax relief on the “… more
The Finance Act for 2018 and the two amended Finance Acts for 2017 provided for new provisions of interest to companies. Certain provisions are applicable as of January 1st,… more
Intra-European services are divided into two broad categories: Services performed between taxable… more
The European Union is an area without borders. Thus, the concept of import or export disappears when it comes to the exchange of goods from one country to another within the… more
Persons engaged in economic activities or residing in more than one country sometimes face complex taxation rules. These persons must thus verify whether they are… more
The TERRITORIAL ECONOMIC CONTRIBUTION (CET) is due by all industrial or commercial companies operating an activity in France. It is used to finance… more
There are different forms of dismissal in France such as dismissal for personal reasons, dismissal for economics reasons or conventional break. In this… more
Taxpayers taxed on income tax in France have a broad mechanism to reduce the amount of their tax. Through this article we will mention the main… more
THE MACRON ORDINANCES: STARTING POINT OF THE REVISION OF THE FRENCH LABOR CODE
The French government has just published ordinances in the… more
As in any other European country, any person who is a national of another EEC country may become a craftsman, merchant or company manager in France under the same conditions as… more
I- Furnished property or hotel residence:
Income taxation:
The applicable regime is "B.I.C." (Industrial and commercial profits). Thus, the choice between two tax… more
In companies, hiring, drafting of employment contracts, pay slips, calculation and declaration of social contributions and all other operations relating to the management of an… more
Social security contributions for the self-employed are calculated and recovered by an organization called RSI (Régime Social des Indépendants). They are calculated on the basis… more
WHAT TAX REGIME TO CHOOSE FOR AN INDIVIDUAL ENTREPRENEUR
The two main tax systems applicable to an individual enterprise are micro and… more
The partners of French SARLs must approve the financial statements by a general meeting which must be held within six months of the closing date of the financial year. Thus, with… more
LIST OF PRINCIPAL FORMS FOR INCOME TAX DECLARATION IN FRANCE FOR THE YEAR 2017
All taxpayers subject to income tax in France must report their income for the previous year… more
An invoice is one of the elements that provide proof of a transaction. It is very important that it contains all the information required by law, in particular the Commercial Code… more
What is subject to VAT in France?
You are liable for VAT in France if your business meets the following criteria: supplying goods/services or… more
SOME INFORMATION TO HELP BUSINESS LEADERS TO CHOOSE THEIR SOCIAL STATUS (RSI vs URSSAF).
There are two different statuses in France to which the manager will be affiliated and… more
PRINCIPAL PROVISIONS INCLUDED IN THE FRENCH FINANCING ACT FOR 2017
Click here to access our article about the French Finance Act for 2018 The French… more
French accountant's advice
Any individual or company wishing to start a business in France must know the existing legal possibilities in… more
