In this page:
Accounting Rules |
Tax Rates |
Intellectual Property |
Legal Framework |
- Tax Year
From January 1 to December 31 .
- Accounting Standards
Official accounting plan (PCG)
- Accounting Regulation Bodies
- Accounting Reports
Annual accounts: the balance sheet, the profit and loss account and the notes to the accounts.
The annual report
The statement of source and application of funds (compulsory for large companies)
- Publication Requirements
There are three levels of reporting: The basic system (Normal), an abridged system (for small companies), a developed system. They depend on the legal form and size of the companies (defined in relation to the total of the balance sheet, the turnover and the number of employees).
The reporting is annual, except for listed companies for whom reporting is quarterly.
- Professional Accountancy Bodies
OEC , The Higher Council of the Order of Chartered Accountants
CNCC , The National Company of Auditors (in English)
IFAC , The International Federation of accountants
- Certification and Auditing
Companies have to seek a statutory auditor to conduct an annual audit of the financial health of their organization. You can contact an external auditor: KPMG, Ernest & Young, PricewaterhouseCoopers.
- Accounting News
France accounting news
- Nature of the Tax
Value Added Tax (VAT)
- Tax Rate
- Reduced Tax Rate
- Reduced rate of 10% for food on-site consumption (restaurants), Non-reimbursable medications, Passenger transportation, Books, private televisions channels, water supply, Real estate transactions, Supplies of housing in hotels, Goods originating from farms, animal feed products
- Reduced rate of 5.5% for sales of certain foodstuffs, supplies of electricity, gas or energy, equipment or accommodations for the disabled and admission charges for cinema, theatre, live concerts, music and singing recitals.
- Reduced rate of 2.1% for certain products reimbursed by the Social Security.
To find out about the rates valid in regions outside metropolitan France, click here (in French).
- Other Consumption Taxes
Domestic consumption tax on petroleum products (TIPP)
Domestic consumption tax on natural gas (TICGN)
Domestic consumption tax on coal and lignite
Domestic tax on tobacco (snuff and for smoking), cigars and cigarettes.
Domestic consumption tax on beer
A 2% tax is imposed on hotel services exceeding EUR 200 per night.
Learn more about Service Providers in France on Globaltrade.net, the Directory for International Trade Service Providers.
- Company Tax
- Tax Rate For Foreign Companies
Foreign companies are taxed on the profits they make in France.
- Capital Gains Taxation
Long term capital gains made by companies subject to corporate tax (IS) are not taxed.
- Main Allowable Deductions and Tax Credits
Expenses are deductible for depreciation or amortization, reserves, rents for premises and equipment, wages, etc.
Tax credit exists for apprenticeships especially.
- Other Corporate Taxes
From January 1st 2010 the Professional Tax was replaced by a Territorial Economic contribution levied for the profit of territorial governments. The Contribution Economique Territoriale (CET) is a local tax imposed by the departmental and regional councils on businesses to assist in the funding of local services and the Chambres de Commerce/Metiers.
A French tax systemis also levied on companies.
- Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
Country Comparison For Corporate Taxation
|Number of Payments of Taxes per Year
|Time Taken For Administrative Formalities (Hours)
|Total Share of Taxes (% of Profit)
- Last Available Data.
|Personal income tax (IRPP)
||Progressive rate up to 45%
|Up to EUR 6,011
|Between EUR 6,012 and 11,991
|Between EUR 11,992 and 26,631
|Between EUR 26,632 and 71,397
|Between EUR 71,398 and 151,200
|Above EUR 151,200
- Allowable Deductions and Tax Credits
Child care, consumer credit, tax credit for young people under 26 who take a job in certain industrial sectors or geographical areas in difficulty, etc.
- Special Expatriate Tax Regime
In France there is a special expatriate tax regime. It especially concerns health insurance and complementary retirement pension contributions and the possible exemptions.
Double Taxation Treaties
- Countries With Whom a Double Taxation Treaty Have Been Signed
France has signed fiscal conventions with over 112 countries in the world.
- Withholding Taxes
Dividends paid by a French corporation to a nonresident shareholder are subject to a 30% withholding tax calculated on the gross dividends. From 18 August 2012, a 3% surtax is levied on dividends distributions.
Interest paid by a French company to a nonresident lender generally is not subject to withholding tax
Royalties paid to a nonresident entity are subject to a 33.33% withholding tax.
Learn more about Taxes and Accounting in France on Globaltrade.net, the Directory for International Trade Service Providers.
- National Organizations
The national institute of industrial property (INPI) for patents, trademarks, models and industrial designs.
The Society of Authors, Composers and Publishers of Music (SACEM), The National Union of Authors and Composers of music (SNAC), The Society of Stage Authors and Composers (SACD), The Society of Men of Letters (SGDL), The Civil Society of Multimedia Authors (SCAM), High Authority for the Distribution of Works and Protection of Rights on the Internet (HADOPI) etc., for royalties.
- Regional Organizations
For the protection of patents: the European patent office
To control trademarks, designs and models: the Office for Harmonization in the Internal Market
- International Membership
Member of the WIPO (World Intellectual Property Organization)
Signatory to the Paris Convention For the Protection of Intellectual Property
National Regulation and International Agreements
- Independence of Justice
- Equal Treatment of Nationals and Foreigners
- The Language of Justice
- Recourse to an Interpreter
- Sources of the Law and Legal Similarities
French law has various sources: the Constitution, laws voted by Parliament, ministerial decrees and orders, international conventions and treaties ratified by France.
Because France belongs to the European Union, national law conforms to the requirements of Community legislation.
There are legal similarities with all the countries whose law has come from Roman law.
- Checking National Laws Online
The constitution in English
Learn more about Lawyers and Legal in France on Globaltrade.net, the Directory for International Trade Service Providers.
- General Information
Doing business In France
French culture, customs and etiquette
Guide to France
- Opening Hours and Days
Saturday and Sunday closed, or only Sunday in shops.
Closed for the lunch break, which may be longer or shorter, between 12 noon and 2pm.
|New Year's Day
|Easter Sunday and Monday
||in March or April
||the sixth Thursday after Easter
|Victory Day (end of the Second World War)
Periods When Companies Usually Close
||Between Christmas Day and New Year's Day
||July or August according to the company
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Last Updates: February 2015