As an accounting firm based in Lyon, we meet every month to offer you the best of the French tax and accounting news.
12/12/2023
VAT taxpayers carrying out intra-Community transactions: deadline for filling the declaration of trade in goods and the European declaration of services for transactions carried out in November.
15/12/2023
- Employers liable for payroll tax (companies exempt from VAT): payment of tax on salaries paid in November ;
- Payment of installment or final corporate income tax and contribution on rental income tax (2.5% tax on rental income from the previous year);
- Deadline for payment of tax on vacant dwellings, taxe d’habitation (second homes): the deadline is extended to December 20 for electronic payments;
- Simplified VAT regime (CA12): payment of half-yearly installment.
- Payment of Cotisation Foncière des Entreprises (CFE): tax notices can be retrieved from impots.gouv online accounts. Electronic payment is mandatory.
31/12/2023
- Deadline for filing the 1447-C declaration: this concerns the creation of an establishment, or a change of operator in 2023 for the calculation of the CFE ;
- Remember to make a physical inventory of your stock and work in progress.
To know more…
Tougher rules on Airbnb rentals: a vote planned for early 2024
A proposed law aimed at tightening rental conditions for short-term accommodation was due to be voted on December 6, 2023 in the French National Assembly, but the vote has finally been postponed. The text will be presented to parliament again in early 2024. This text would attack the “micro BIC” tax regime, by lowering the rate of deduction for expenses for classified “meublés de tourisme” (classified touristic accommodation) from 71% to 40%. Owners of meublés de tourisme would also be obliged to carry out an energy performance diagnosis.
Value-sharing bonus (Macron bonus) version 2024
Act no. 2023-1107 of November 29, 2023, which came into force on December 1st, changes the value-sharing bonus (PPV – called “Prime Macron”). It will apply as follows:
- For employees earning less than three SMIC (minimum wage in France) and working for a company with fewer than 50 employees:
– Exemption from social security contributions,
– income tax exemption maintained until December 31, 2026. - For employees earning more than three SMIC or working for a company with more than 50 employees:
– Exemption from social security contributions (except CSG and CRDS),
– Elimination of income tax exemption.
Other measures provided for in the “Value Sharing” Act of November 29, 2023:
- The value-sharing bonus may now be paid twice a year, up to the annual ceiling of €3,000 (€6,000 if invested in employee savings schemes). As the measure has been in place since December 1st 2023, employers can take advantage of it now for the current year.
- Companies with between 11 and 49 employees will now be required to set up a value-sharing scheme if their net taxable profits over the last three years exceed 1% of sales. Further details will follow (applicable from January 1st 2025).
Transport bonuses exempt from social security charges: only a few days left to benefit from the relaxed rules
In 2022 and 2023, the employer’s obligation to cover 50% of the cost of public transport season tickets can be combined with the transport bonus. The conditions governing eligibility for the transport bonus (e.g. being located in an area not served by public transport) are temporarily abolished.
Exemption from contributions is allowed up to an annual limit of €400 in 2022 and 2023 (€200 in 2021) per employee for fuel costs, and up to an annual limit of €700 in 2022 and 2023 (€500 in 2021) for fuel costs for electric, plug-in hybrid or hydrogen vehicles.
Year-end gifts: a reminder of the rules
VAT: Gifts given to clients for the festive season are eligible for VAT deduction, up to a maximum of €73 (incl. VAT) per year and per recipient.
Corporate income tax: Clients gifts are fully deductible if they are made in the company’s interest. The value of the gift must simply not be exaggerated in relation to the company’s activity and sales.
If the amount of customer gifts exceeds €3,000/year, the “Statement of general expenses” appendix must be completed and attached to the company’s tax return.
The whole team at Cabinet Roche & Cie wishes you a very happy holiday season!
The Team Roche & Cie
Professionals or individuals, French or international, since 1948, Roche & Cie has been assisting clients from all horizons.
contact@cabinet-roche.com
+33 (0) 4 78 27 43 06
