OUR ACCOUNTANCY AND TAX SERVICES

We offer the following services:

  • Book-keeping
  • Preparation and submission of VAT returns
  • Preparation of accounts
  • Completion and filing of online company tax returns
  • Completion and filing of CVAE-CET Tax
  • Tax advice for small/medium sized businesses and individuals
  • Tax advice for large sized and international businesses
  • Payroll and Social Taxes completion and filling
  • Resident and non-resident tax advice

BUSINESS SET UP

In France you can set up the following types of business:

  • Société A Responsabilité Limitée
  • Société par Actions Simplifiée
  • Société Anonyme
  • Société Civile Immobilière
  • Auto-Entrepreneur

All businesses have a legal requirement to keep full and complete books and records.

Société A Responsabilité Limitée / SARL

All Limited Companies (SARL) must file accounts once a year with Greffe de Tribunal de Commerce and the French Tax Authorities. This must be done within 4 months of the company year end. These should be prepared by a Registered Accounting Firm. A Commissaire aux Comptes (Audit) will not be required unless you meet certain levels; an example of this is a turnover exceeding €3,100,000.

Société par Actions Simplifiée / SAS

This type of company is the best choice for foreign companies starting in the French market. The great advantage of a SAS is that it can appoint a corporate director and can be held, without any problem, by a corporate shareholder. This is particularly beneficial if the parent company is located outside the EU.

You can also set up a stock-option plan with this type of company.

Société Anonyme

This type of company is the best choice if you want to float your company on the stock market in France.

Société Civile Immobilière

A Société Civile Immobilière is a Private Limited Company for Property Purposes. A SCI can hold one or more properties with the purpose of renting them out or making them available for its shareholders.

Auto-Entrepreneur

This is when you trade as an individual. This is mostly for French residents.

MAIN TAXES IN FRANCE

In France you have two main types of tax:

  • Corporate Tax
  • Personal Income Tax

Additionally other types of tax may apply depending on the level of income, i.e. Capital Gains Tax and Inheritance Tax.

CORPORATION TAX

 

Taxable profits are taxed at 33.33%.

A company can have a 15% corporate tax rate on profits up to € 38,120 providing they comply with the following:

  • the company must be trading
  • at least 75% of the capital must be owned by individuals
  • share capital must be completely paid
  • turnover must be less than € 7.63 million

VAT

All French businesses must charge customers VAT on the sale of all goods and services at a rate of 20%

All businesses must register for VAT except if the turnover is under €30,000. A reduced VAT rate of 10% or 5.5% may apply to certain goods and services.

VAT regulations are very complex, and must be discussed with an accountant before a business commences.

 

PERSONAL INCOME TAX

Personal Income Tax rates vary between 0 and 45% of net income, with the final band for income above €150,000.

CAPITAL GAINS TAX

This is due on any sale of assets and other items of a capital nature although there are many exemptions.

USEFUL LINKS

Companies House in Paris: http://www.greffe-tc-paris.fr/
Tax Authorities in France: http://www.impots.gouv.fr/

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4

FRANCE 

  

OUR ACCOUNTANCY AND TAX SERVICES 

  

We offer the following services:

 

·         Book-keeping

·         Preparation and submission of vat returns

·         Preparation of accounts

·         Completion and filing of online company  tax returns

·         Completion and filing of CVAE-CET Tax

·         Tax advice for small/medium sized businesses and individuals

·         Tax Advise for large sized and international businesses

·         Payroll and Social Taxes completion and filling

·         Resident and non resident tax advice

 

BUSINESS SET UP 

  

In France you can set up the following kinds of business’s

 

Société A Responsabilité Limitée 

Société par Actions Simplifiée 

Société Anonyme 

Société Civile Immobilière 

Auto-Entrepreneur 

  

All business’s have a legal requirement to keep full and complete books and records.

 

 

LIMITED COMPANIES / SARL 

  

All Limited Companies (SARL) must file accounts once a year with Greffe de Tribunal de Commerce and the French Tax Authorities. This must be done within 4 months of the company year end. These should be prepared by a Registered Accounting Firm.  A Commissaire aux Comptes (Audit) will not be required unless you meet certain levels one of these is turnover greater than €3.100.000.   

  

Société par Actions Simplifiée / SAS 

  

 This type of company is the best choice for foreign companies starting in the French market. The great advantage of a SAS is that it can appoint a corporate director and can be held, without any problem, by a corporate shareholder. This is the best type of company if the mother company is located outside the EU. 

Finally you can set up a stock-option plan with this type of company. 

  

Société Anonyme 

  

This type of company is the best choice if you want to float your company on the stock market in France.

  

  

 

Société Civile Immobilière 

  

A Société Civile Immobilière is a Private Limited Company for Property Purposes. A SCI can hold one or more properties with the purpose of renting them out or making them available for its shareholders. 

  

  

Auto-Entrepreneur  

 

This is when you trade as an individual. This is mostly for French resident.

  

 

 

MAIN TAXES IN FRANCE 

  

In France you have two main kinds of tax

 

Corporate Tax

Personal Income Tax

 

Additionally you also have some other taxes for certain kinds of income such as Capital Gains Tax and Inheritance Tax.

 

CORPORATION TAX 

  

This is based on the profits of the business

 

The rates to the 31st of March 2011 are as follows;

 

Taxable profits are taxed at 33,33%

 

A company can have a 15% corporate tax rate on profit providing they comply with the following conditions:
– the company must be trading
– at least 75% of the capital must be owned by individuals
– share capital must be completely paid
– turnover must be less than 7.6 million Euros
– profit must be less than 38,120 Euros
 

 

 

VAT 

  

All French business’s must charge customers VAT on the sale of all goods and services at a rate of 19,6%  

  

All business’s must register for VAT except if the turnover is under 30000 €.

 

VAT Rules are very complex and must be discussed with an Accountant before a business commences.

 

 

 

 

PERSONAL INCOME TAX 

  

  

Personal Income Tax are between 0 and 40% of the net income.

 

 

CAPITAL GAINS TAX 

  

This is due on any sale of assets and other items of a capital nature although there are many exemptions

  

 

USEFUL LINKS 

 

http://www.greffe-tc-paris.fr/ Companies House in Paris

   

 

http://www.impots.gouv.fr/ Tax Authorities in France

 

  

  

Make An Enquiry

 

Title*

First Name*

Last Name*

Country of Residence

Telephone*

Email*

Your Enquiry*

Shall We Call You*

Subscribe to our newsletter