Complete Your Duties for the Tax Submission of Your Company

Your company is subject to many tax deadlines related to your legal status and your tax regime: taxation of your profits, VAT, CET, payroll taxes, etc. It is important to know the taxes and duties that concern you in order to predict your tax charges and anticipate your reporting and payment obligations.


Taxation of profits

All businesses are taxed on their profits.Depending on your legal status (sole proprietorship or companies), you will be subject to income tax (IR) or corporation tax (IS).

Sole proprietorship (craftsmen, traders), liberal professions and EURL (sole proprietorship with limited liability) are automatically subject to IR (certain companies, such as SARL, SAS or SA, may fall under the IR optional). To determine the tax base, the actual costs of the company are deducted from the turnover (companies subject to the micro-company regime benefit from a standard allowance). The profit is then integrated into the income of the tax household of the entrepreneur.

Companies (SARL, SAS, SA, etc.) are automatically subject to IS (EURL and EIRL can be subject to IS on option). The tax base is determined after deduction of the real costs of the company. It is the company which is liable for the corporate tax. Managers or partners are not personally taxed, for income tax purposes, except on the remuneration or dividends paid to them. Use the c corp tax calculator  to make the perfect calculation there.

VAT

Companies collect VAT on behalf of the State: they invoice it to their customers and then pay it back to the State, after deduction of the VAT which they have paid themselves during purchases or investments.The VAT tax regime is determined according to your activity and your turnover:

The basic franchise regime: the company is not liable for VAT. It has no declarative obligation to fulfill. It invoices its customers free of VAT and has no VAT to pay back to the State on its sales. In return, it cannot deduct the VAT paid on its purchases or investments. This plan is available to companies whose turnover does not exceed € 85,800 for purchase-resale activities and € 34,400 for service provision activities;

Micro-bic and micro-bnc regimes: the first regime concerns companies with a turnover excluding tax of less than 72,600 for service provision activities and less than 176,200 for purchase-resale activities. The second regime concerns companies with a turnover excluding tax of less than 72,600 euros. The companies then pay quarterly installments, then an annual adjustment;

The actual simplified regime: it concerns companies with turnover between € 176,200 and € 818,000 excluding tax for purchase-resale activities or between € 72,600 and € 247,000 for service provision activities. The companies then pay quarterly installments, then an annual adjustment;

The actual normal regime: it applies to companies generating more than 247,000 euros in turnover for the provision of services or 818,000 euros for purchase-resale activities (or optionally for companies carrying out lower turnover). Companies then subscribe to a monthly VAT return.

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