All transactions are not necessarily subject to VAT. Certain are optional, others are definitively excluded from its scope. 1.Transactions subject to VAT Supplies of goods: The supply of goods is the transfer of the power to dispose of tangible movable property as an owner. The most common transaction for the supply of goods is the […]
The territoriality rules make it possible to determine whether a transaction is subject to VAT in France or not. 1. Main Principle of territoriality A transaction carried out in France is liable to French VAT. In the contrary case, it would be exempt from the territorial scope of French VAT and would be subject to […]
The Microenterprise Scheme is a reduced tax regime reserved for sole proprietors and certain limited liability companies. 1.Three conditions to benefit from this scheme A sole trader or certain limited liability companies: The microenterprise scheme concerns primarily individual operators, including those who have adopted the status of EIRL. The micro plans are also open […]
Taxation of partnership profits applies to partnerships whose profits are subject to the IR (Impôt sur le Revenu) French Income tax, unless there is an option for the IS (Incorporation Tax) 1. Companies concerned Liable as of right: in particular, they are automatically subject to the tax system for partnerships: General partnerships. Civil companies (except […]
1.Companies liable to the IS (Impôt sur les société/ Corporate Tax) Liable as of right: Regardless of their purpose, they fall under the IS in particular: Public limited companies (SA) and simplified joint stock companies (including SASU). Limited liability companies (LLCs), except for the option of family LLCs for IR. Limited partnerships limited by shares […]
1.Taxation of profit on behalf of the operator Progressive RSI (Régime simplifié d’imposition) scale: In the absence of its own legal personality, the sole proprietorship and its operator form a whole. The company’s profits are included on the return and are taxed, under a single classification on the progressive income tax scale, with the other […]
Companies taxed on the basis of their actual profits may, on an optional basis, benefit from a tax credit for research expenses incurred in France and abroad. An innovation Research Tax Credit (RTC) is also granted to Small to Medium size enterprise (SMEs) that incur innovation expenses. Companies impacted Operations subjected Eligible expenses Resubmission for […]
1.The recovery of a VAT credit can be monthly, quarterly or annual regardless of the tax system. All taxpayers must upload their refund request regardless of the amount of their turnover. Form 3519 normally accompanies the VAT return. However, it may be submitted later, at the latest on 31 December of the second year following […]
In the event of temporary and exceptional or punctual difficulties, the taxpayer may request additional payment delays. Some are automatically granted. 1.With regard to income tax Non-automatic payment terms: Taxpayers who encounter temporary, exceptional and unforeseeable difficulties in paying their taxes on time may request additional payment terms. Their granting is at the discretion […]
In the event of an increase, tax returns must be filed before certain dates. Delays are often granted by the tax authorities. 1. Annual declarations for Filing tax returns
