Public register of trusts, established in December 2013 by a law on action against tax fraud and serious economic and financial crime, has been accessible to everyone online as of June 30, 2016.
End of exemption from surtax on distributions within tax-consolidated groups: no retroactive effect the French Government announced
The French Government has just announced that the end of the exemption from 3% surtax on distributions within tax consolidated groups will not have a retroactive effect.
French FTT: Taxation of intraday transactions and higher rate?
On Wednesday night, members of the French Parliament have voted an extension of the scope of the French financial transaction tax (FTT) aiming at including intraday transactions and an increase
Draft Finance Tax Act for 2017 : Amendment on the free shares taxation
An amendment to the Draft Finance Tax Act for 2017, presented to the Finance Committee of the French Parliament on October 12, 2016, aims to modify the free shares tax
VAT election to be liable for VAT on rents
The company SARL Maysam France had acquired an office building. The company argued that it was not be subject to VAT on the rents received in respect of this building
Electronic invoicing for public-sector suppliers – Next step on the 1st of January 2017
In the frame of procurement contracts, the electronic invoicing will gradually become compulsory by the 1st of January 2020. The obligation for the French State to accept electronic invoices is
Certified cash register system & accounting/management software
As from the 1st of January 2018, VAT payers recording direct payments from their customers by means of accounting or management software or a cash register system to use software
Recovery of the VAT in-curred by a branch for services supplied to its foreign head office
The question was to determine whether a Polish branch of a company established in Slovakia was entitled to recover the VAT incurred in Poland for the needs of the services
Entry into force of the national RTC commission
Since July 1st 2016, tax reassessments by the French tax authority can be subject to a referral procedure to the national RTC commission in order to ease conciliation between taxpayers
RTC: the project used by a company to support its JEI (Young Innovative Company) application is not necessarily eligible to the RTC
The company needs to be able to justify that it led R&D activities the year with respect to which it claims the RTC. In the same spirit, we commented in