As a general rule, VAT is imposed on all taxable economic activities conducted or, in specific cases, used in France. For purposes of the imposition of VAT, France includes metropolitan France, Monaco and the continental shelf and territorial waters. The Overseas Departments and Regions are treated as foreign countries: such […]
The value added tax (French VAT or TVA) (hereinafter referred to as “VAT”) was instituted in 1955 and is the principal form of indirect taxation in France; in 2007, it generated approximately 49 percent of all French tax receipts. The rules applicable to French VAT are notably governed by European […]
All individuals who are tax domiciliaries of France are subject to wealth tax if their world-wide net taxable assets as of January 1 of any given taxable year are valued in excess of the legal taxable threshold. The wealth tax is also imposed on all individuals who, although not otherwise […]
To know how a person will be imposed in France, you must determine whether she/ he is French domiciled from a tax viewpoint. 1 Definition of domicile A person is considered, subject to an international convention, as having his fiscal domicile in France when one of the following criteria in met: – The […]
It is very easy to spend money on travel, cars and other electronic gadgets. And yet it is essential to know how to save money. Here are five tips to grow your revenues without depriving yourself. Make your accounts and minimize your banking costs Check their accounts and manage everyday […]
Whether benefits are achieved through a branch or a subsidiary, they are liable to corporation tax as long as the foreign entity is a corporation (or the French subsidiary has this form). The withholding tax (25% in principle) that affects the distributions to non-residents applies to dividends paid to foreign […]
Tax Returns. A corporate income tax return with all its appropriate schedules must be filed within a period of three months following the close of each fiscal year; if no fiscal year ended during a calendar year, a return must be filed for the preceding calendar year on or before […]
France has entered into bilateral double taxation treaties with approximately ninety countries. Although the tax treaties the France has entered into with developing countries, especially the French speaking African countries, contain specific provisions designed to encourage French investments in those countries, most of the treaties which France has concluded or […]
The scope of application of the French corporate income tax is determined on a territorial basis. Thus, a French or foreign company is subject to corporate income tax only on its income derived from business operations carried on in France. A distinction is made between a French or foreign company […]
Tax shield and Wealth Tax: non-residents taking the bulk of their revenues from France. The French Tax Service gives the benefit of tax shield and the CAP of WEALTH TAX to non-residents considered tax resident in France under Article 4 B, b or c of French Tax Code as long as they derive […]
