Taxes in France
With our tax-related services, you can register as a taxpayer and file for tax returns. The professionals take care of your taxes and advise you on personal, business, and trading taxes in France.
Tax solutions in France
The tax management section assists in the reduction and management of taxes, as well as VAT registration and bookkeeping. Through our services, you can apply for tax returns and become a legitimate taxpayer.
Tax optimization
Optimize your taxes by utilizing our services to reduce a company’s or individual’s tax responsibilities. Professionals improve the link between earnings and profitability.
Tax consultation
The experts assist clients in meeting their financial obligations by adequately planning and optimizing their budgets. Various corporate groups receive comprehensive tax advice from our advisors and professionals.
VAT registration
To obtain VAT authorization, tax managers provide proof of earnings to tax authorities. The team also proves that the corporation will make a taxable supply in France.
Bookkeeping
Accountants keep track of your company’s financial transactions. Your accountants are in charge of creating the financial statements and tax returns regularly.
Applying for tax return
Your accountants will draft and file your tax returns on your behalf with state officials. Professionals present required documentation for tax returns, such as deductions, capital income reports, and gifts.
Register as a taxpayer
With the support of our tax preparers, you can qualify as a taxpayer. The tax experts offer the appropriate evidence to the officials, such as identification verification, proof of residency, and financial records. If necessary, the advisers will accompany you to scheduled sessions with the tax office.
System of taxes and fees in France
The French tax system might be challenging to understand. There’s plenty to keep account of among personal income taxes, social security payments, and corporate income taxes. Fortunately, most significant problems may be avoided if you study and request our expert assistance. Here are a handful of France’s taxes their rates.
Corporate income tax
A corporation tax is a direct tax paid on the salary or assets of businesses or other legal entities. In France, the initial tax rate is 26.5 percent. Tax rates for corporations with profits of more than 500,000 euros are greater than 26.5 percent. To get an estimate on corporation tax in France, contact our professional.
Social security tax
The Social Security tax is a duty imposed on both companies and workers to help pay the country’s Welfare State. Regarding social insurance obligations, the employee’s participation ratio is 22 percent of net salary, while the company’s tax is 45 percent of net earnings. Tax for the household allowance is dependent on the overall wage and ranges from 3.45 percent to 5.25 percent based on the compensation.
Personal income tax
Individual income liability is a yearly tax on earnings, profits, interest, and other cash-flow sources. Personal income taxes in France are cumulative, ranging from 0% to 45 percent. Plus, a 3% tax on earnings over 250,000 euros for a sole individual and 500,000 euros for a marital pair, and a 4% tax on profits over 500,000 euros for a solo citizen and 1 million euros for a committed couple.
Corporate income tax
The corporation tax rate in France is 26.6 percent, and it rises as net profit rises. Personal income tax is calculated differently depending on how much a single person or a married couple earns money. In addition, a 22-45 percent social security levy must be paid. The French income duty system is further explained in Table 1.1
below.
Table 1.1
From | To | % |
€0 | €10,225 | 0% |
€10,225 | €26,070 | 11% |
€26,070 | €75,545 | 30% |
€75,545 | €160,336 | 41% |
€160,336 | above | 45% |
Request bookkeeping solution
Request our bookkeeping services to guarantee that your business’ money and operations are adequately set up and connected and that you’re making the best financial decisions possible. Expert auditors also evaluate transactions, keep track of stockpiles, ensure that records accurately reflect actual corporate activity, and comply with federal requirements.
Bookkeeping
Are you looking for cost-effective monetary strategies in France for your company? Give us a call today, and we’ll take care of all your tax issues.
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