French Research Tax Credit rules (“RTC”) have been modified by the 2020 Finance Act. Expenses incurred from 1 January 2020 are set at 43% of personnel costs Expenses incurred for work subcontracted to public organizations or approved private organizations can be included in the basis of calculation of the RTC The 2020 Finance Act stipulates that the research work must be carried out directly by the organizations to […]

Under Article 182 A of the French Tax Code (Code Général des Impôts), a withholding tax return (Form 2494-SD) must be filed by non-residents with French source income. The rules governing the taxation of individuals whose tax residence is located outside France, as set out in Article 182 A of the French Tax Code, have been modified for the coming years: Under the 2019 Finance Act, withholding tax on salaries, pensions and life annuities will be abolished as from 2023; Withholding tax on income from employee shareholdings will be modified as from 2023. The following years are concerned: 2020, 2021/2022 and 2023 For the year 2020: No change – withholding tax continues to apply under the same rules as previously. Three rates […]

Transfer prices, as defined by the OECD, are “the prices at which a business transfers tangible goods, intangible assets, or provides services to associated businesses“, i.e. the prices of transactions between companies belonging to the same group and established in different states 1. Companies are required to set up a summary report on their transfer pricing, if: their annual revenue (excluding VAT) or balance sheet (gross assets) exceeds M€50; at the end of the financial year, they directly […]

The rules applicable in France to the deduction of interest charges and thin capitalization were modified by the 2019 Finance Act 1. General principle: deductibility of interest charges Except in the case of thin capitalization, interest charges are deductible up to the higher of €M3 or 30% of the company’s tax EBITDA An additional deduction of 75% is possible if: the company is part of a consolidated group and the equity / assets ratio is higher or equal to that of […]

In 2010, Isabelle Vendeville co-founded the initiative 3 minutes pour convaincre with BFM Business, a French radio and television channel. Every year, 10 entrepreneurs in search of funds are selected and given the opportunity to pitch their project during Stephane Soumier’s radio program Good Morning Business. They are selected by a panel of experts created […]