The 50% fine for lack of invoicing finally censured !
The French Constitutional Council has just censured the provisions of article 1737, I, 3° of the French Tax Code (FTC) [1] on the failure to issue an invoice [2]. For the record, these provisions impose a tax fine of 50% of the amount of the transaction on a supplier liable for French VAT for not […]
COVID-19: The rent waivers tax credit is implemented!
On December 17, the Finance Act for 2021 has been voted by Parliament. Now the terms of application of this tax credit are final under confirmation of the Constitutional Council As a reminder, the measure aims at granting a tax credit, equal to 50% of the rents waived during the period of application of the […]
COVID-19: a tax credit to support rent waivers during the crisis
The French government has introduced an amendment to the Draft Finance Bill for 2021 in order to introduce a tax credit for lessors who have granted rent waivers to their lessees who are particularly vulnerable to the current crisis. On the basis of the text adopted at this stage by the National Assembly, the tax […]
Annual 3% tax on real estate: accrued severity if you don’t file on time… for the second time!
In a LUPA decision dated November 4, 2020[1], the French Supreme Court specifies the consequences of a late filing of the #2746 tax form regarding the annual 3% tax on real estate in case of “recidivism” (“3% Tax“). The sanction, although severe but in accordance with the law, leads to the payment of the 3% […]
French Draft Finance Bill for 2021 – VAT Measures
You will find attached the analysis of the VAT measures of the 2021 PLF prepared by the Cabinet Arsene’s VAT team with the Taxand Service Line. In this document, the following measures are presented and discussed in detail, along with a practical analysis. 01- Implementation of a French VAT Group (Article 45 of the Draft […]