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The declaration of loan agreements in France

The declaration of loan agreements in France

In France, any person (natural or legal) intervening either as a party or as an intermediary in the conclusion of a loan agreement, or the drafting of the deeds recording the same, are required to declare this to the tax administration. This obligation is recalled in Article 242 b) paragraph 3 of the General Tax...
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sci-vehicules-societe-featured

Can an SCI [property investment company] subject to income tax acquire company vehicles?

A lot has been written about this topic, and it deserves special attention. An SCI subject to income tax must carry out a civil activity. A civil activity is the opposite of a commercial activity; it is therefore necessary to not carry out an act of commerce. Article L 110-1 of the Commercial Code lists...
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Taxation-gifts-company-France

Taxation related to gifts made by a company in France

It is not uncommon for a business corporation (subject to income tax or corporation tax) to make gifts (of any kind or “business gifts”) at the end of the year to thank its clients. These gifts are deductible expenses for this company as recalled in point 5 of article 39 of the CGI (French General...
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Transferring-you-Tax-Residence-outside-France

Transferring your Tax Residence outside France

If you are a French tax resident (within the meaning of Article 4(B) of the French General Tax Code (CGI), and for various reasons (whether personal, professional or other) you decide to live abroad, remember you need to take certain steps to ensure that you don’t find yourself in an uncomfortable situation which could lead...
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2020-FISCAL-CALENDAR-France

2020 FISCAL CALENDAR (FRANCE)

A short summary with the official deadlines for submitting your various French tax returns for 2020: I – IRPP (French income tax) declaration (for income received in 2019): For residents of departments numbered 1 to 19 as well as for non-French tax residents (Zone 1): the deadline is 4 June 2020; For residents in departments...
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financial-foreign-company-property-France

Foreign companies owning property in France

The recording of theoretical rent in the financial accounts of foreign companies owning property in France As a preliminary point, it is recalled that this article is intended for companies set up under foreign law owning property in France. As a reminder, if a company under foreign law (e.g. an LLC under British law, subject...
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Brexit France Angleterre

The effects of Brexit

The effects of Brexit on the transfer of shares in English companies held by French tax residents On 31 January 2020, the United Kingdom will leave the European Union, and a transition period should therefore begin, and continue on until the end of the year (2020). By leaving the European Union, the United Kingdom will...
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application-Czabaj

Czabaj application

How to make an application under Czabaj case law in a fiscal dispute? If a taxpayer (or his lawyer) decides to make a contentious claim, and his claim receives a rejection notification from the tax administration, the latter must indicate the means of appeal and deadlines for judicial recourse available to the taxpayer who has...
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taxman-watching

Ssssh, the taxman’s watching

When the 2020 finance bill (No. 2272) was tabled last September in the National Assembly, one article from this bill was particularly noted: Article 57, and with good reason. This article, whose title appearing in the bill is: ” possibility for the tax and customs administrations to collect and use the data made public on...
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