COUNTRY-BY-COUNTRY REPORT: The OECD’s (“Organization for Economic Co-operation and Development”) project BEPS (“Base Erosion and Profit Shifting”) foresees, in order to improve transparency in favor of administrations, the implementation of a communication of fiscal information country by country (“Country-By-Country Reporting”). On the 17th of December 2015 the French National Assembly approved an amendment to the 2016 […]
Read more The article 1025 of the French Civil Code (“Code civil”) states that: “The testator can name one or several executors that benefit of the full civil capacity to ensure and handle the execution of his wishes. The Executor that has accepted is mission is bound to accomplish it. The powers of the executor are not […]
Read more The solidarity tax on wealth (“ISF”) has to be paid by individuals whose estate, globally appreciated at the level of the different individuals subjected to a common declaration, exceeds the taxation threshold. The individuals that reside outside of France are taxed only on their goods that are located in France. The taxation threshold is set […]
Read more A posted worker (« salarié détaché ») is an employee established and carrying out his activities outside of France. He usually works for an employer outside of France and executes his work at the demand of this employer for a limited duration of time in France (Article L.1263-3 of the French labor code “Code du travail”). Cross-border […]
Read more 1. Scope of Wealth tax or solidarity tax on wealth (“ISF”) : The solidarity tax on wealth (“ISF”) has to be paid by individuals whose estate, globally appreciated at the level of the different individuals subjected to a common declaration, exceeds the taxation threshold. The individuals that reside outside of France are taxed only on […]
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Donations & Legacies Principles According to Article 893 of the French Civil Code, a liberality is the action by which a person gives , free of charge, all or part of his or her assets or his or her rights to the benefit of another person. Liberalities are possible only between living people or […]
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