Jean-Jacques Michallon French tax Attorney Former Tax Inspector www.j2m-online.fr/english The hiring of a lawyer specializing in tax law is not easy. The purpose of this post is to give some advice but is not limited in this respect, trying to be as subjective as possible in view as a lawyer […]
This article sets out the principles of taxation of micro-enterprise that can elect to individual entrepreneurs. From a social point of view, micro-entrepreneurs fall under the Insurance Scheme for self-employed (RSI). Their social contributions can be calculated and paid according to the mainstream system or as the regime of micro-social. 1 – BUSINESSES […]
[i] Invoicing. In order to facilitate the operation of the VAT credit system and the verification of due payment of VAT, all invoices sent by VAT taxpayers to their clients, other than governmental organisms and individuals that are not Traders, must be dated and numbered and must contain, inter alia, […]
[a] Event Triggering VAT Liability. Two events must be distinguished with respect to VAT liability: the event which triggers the imposition of VAT and the event by which VAT is due to the tax authorities. These events differ in function of the economic activity on which VAT is levied. The […]
VAT is a non-cumulative tax and is imposed only on the price of the services rendered or the goods sold. In order to ensure that only said added value is subject to VAT, a VAT credit system has been adopted which permits a taxpayer to claim as a credit against […]
Where specific provision of law so permits, certain economic activities which would normally be subject to VAT are exempt from tax. The principal activities or persons that are exempted from VAT are: certain insurance, banking and financial activities, certain not-for-profit activities of Not-For-Profit Associations, doctors and other medical professionals, athletes, […]
VAT is imposed on all taxable economic activities of a person who is not an employee. The taxable character of an economic activity does not depend upon its profitability; for example, sales at or below cost are taxable. In order to be taxable, a transaction must, in principle, be between […]
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 […]