The ECJ ruled that the VAT identification number is not a condition of deductibility. For the Court of Justice, the VAT identification number is not a condition of the right to deduct: a person not yet identified at the time he has incurred expenditure subject to VAT can not be denied […]
section written by: Jean-Jacques Michallon French tax Attorney former tax inspector www.j2m-online.fr/english The first precaution to take before choosing a tax lawyer is to verify that it actually holds the certificate of specialization in tax . Indeed, each lawyer may act as an ordinary practitioner or choose to specialize. Obtaining a […]
Net taxable income is theoretically the net increase in a taxpayers net worth from one fiscal year to the next. Such net increase is equal to the difference between the net book value of assets at the beginning and at the end of the fiscal period, decreased by any additional […]
It is important to point out the specific tax accounting rules which must be followed in connection with the determination of the net taxable income of companies subject to French corporate income tax. Every company engaged in commercial activities in France is required to keep a journal (livre journal) in which […]
Since 1 January 2010, the refund of VAT Tax Credit to taxable persons established in another Member State called “8th Directive” is repealed and replaced by a new procedure after the Directive 2008/9/EC of 12 February 2008 which introduced the dematerialization procedure. The recasting of the old procedure of VAT […]
The tax includes all taxes, fees, charges, contributions and social contributions that the French government from subjecting individuals and legal French or living in France. The total of all types of taxes and social contributions represents about 45% of gross domestic product (GDP). For a market economy, this level is […]
All legal entities that carry out operations in France, other than certain sociétés à responsabilité limitée and exploitations agricoles à responsabilité limitée which may elect to be deemed transparent for income tax purposes, are subject to corporate income tax (impôt sur les sociétés). While, as a practical matter, such corporate […]
> INDIVIDUALS. In France, individuals are subject to income tax, assessed at progressive rates, on their annual net global income (revenue net global). Individuals subject to French individual income tax may be divided into two main categories: – individuals who, for tax purposes, are deemed to be domiciled in France, and […]
For some taxpayers, it is a pity that France levies more taxes than its neighbors, while for others our tax system favors social justice … Overview of what to know about French tax levies Between the closing of the state budget for 2009, discussion on environmental taxation and the controversy over the financing of the […]
1 – Corporate tax: Are taxable to the Corporate tax, as a rule, limited liability companies (SA, SAS, SARL, etc …) and partnerships and similar groups have opted to impose the tax. CorporationTaxe rates: Normal rate: 33 1 / 3% of taxable income; Reduced rate for SMEs 15% (up € 38 […]
