Which charges are liable to a deduction for the Land Income Tax (hereinafter LIT)? When is the deficit considered for the income tax? Are those charges considered after the threshold value of 10.700 EUR? The following reasoning is based on the article 31 of the Code Général des Impots (Tax Code). Charges liable for a […]
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Investment in crypto-assets has grown significantly over the past few years, with many companies now holding them on their balance sheets and a large number of innovative companies being established in this sector. Here we look at the tax treatment of these digital assets when owned by businesses. The 2019 Finance Law has created for […]
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On January 29, 2024, the National assembly (“Assemblée Nationale”) passed the proposed “Airbnb” law on first reading with amendments. This “Airbnb” law aims to put furnished tourist accommodation back on the long-term rental market, by modifying the taxation of tourist rentals with a drastic reduced tax allowance, down from 71% or 50% depending on the […]
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Note on the special tax regime for expatriate employees and the conditions under which they are eligible for this special regime with other taxpayers who select domicile in France. Taxation of expatriate employees – Impatriates employee Article 155 B of the French General Tax Code (GTC) provides the possibility for expatriate employees in France to […]
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A convention between FRANCE and the UNITED KINGDOM for the avoidance of double taxation and the prevention of fiscal evasion and avoidance with respect to taxes on income and capital gains, together with a protocol, was signed in London on June 19, 2008. The agreement of June 19, 2008, replaced the agreement of May 22, […]
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International succession is a thorny issue. Many questions are raised concerning the settlement of international succession and the necessary procedures. What is the applicable law? The law of the country of which the deceased was a national? The law of the country where the deceased’s assets are located? The law of the country where the […]
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