Our advice to fulfil your tax declarations in the best way The introduction of withholding tax (“prélèvement à la source”) does not exempt you from completing and validating your income tax return (“déclaration de revenus”). Due to the health crisis, the deadlines for completing and validating the declaration have been extended. I/ Employees : abatement or actual costs […]
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Until 2018, companies benefited from a reduced corporate tax rate on the sale, concession and sub-concession of eligible intellectual property assets: either a reduced rate of 15.5% (Article 39 terdecies of the French General Tax Code), or a unique rate of 12.8%, plus social contributions, if they were liable to the income tax regime. France’s favorable […]
Read more The terms and conditions governing the liability for corporate income tax of foreign States that carry on in France a real estate leasing business directly or through SCIs with which they are associated, are specified by the “Conseil d’Etat”. Should a foreign State which has made real estate investments in France be subject to corporate […]
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All patrimony professionals are now asking themselves: should you house your rental investments in a real estate property company (« sociétés civiles immobilières ») subject to corporate tax (« impôt sur les sociétés »)? Indeed, there are almost only advantages to being subject to corporation tax, rather than acquiring a property directly which is subject to property income tax. This is mainly […]
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The exit of the United Kingdom from the European Union on 1 February 2020 is subject to a transitional period until at least the end of the year. The withdrawal agreement regulates the consequences of this exit during this period in tax matters and even in certain areas beyond. It is a well-known fact that […]
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Taxpayers in the non-commercial profits (NCP) category, that fall within the scope of the controlled declaration, has to subscribe, in practice by 20 May 2020 at the latest, to the declaration n°2035-SD and its annexes. Taxpayers which are not in the NCP category will declared directly the amount of their gross revenues “recettes brutes” on the form […]
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