DTA between China and France completed ratification stages
On November 26, 2014, the final stages of the ratification of the new double tax treaty between France China were completed. The treaty will become effective on January 1, 2015. This agreement replaces the income tax treaty signed in 1984 and
See MoreFrance: Extension Of Electronics Audit File To Non-resident VAT Companies
All non-resident or foreign French VAT registered companies are required to prepare and submit their accounting statement in a prescribed electronic format for audits starting after 1 January 2015. This is an extension period, where the same
See MoreFrance: Tax Administration Publishes Guidelines On The Abridged Transfer Pricing Documentation
French tax administration published guidelines on the abridged transfer pricing documentation in the Official Bulletin for Public Finances Taxes on 6 November 2014. Legal persons established in France must be submitted in the French language to the
See MoreFrance and Serbia Sign Social Security Agreement
France and Serbia signed a social security agreement on 6 November 2014. After in force and effective the agreement will be replaced by the France and former Serbia-Montenegro Social Security Agreement (1950) which was amended in 1967, 1974 and
See MoreAgreement between France and China approved by French Council of Ministers
The French Council of Minister approved the Agreement between the Government of the French Republic and the Government of the People's Republic of China for the Avoidance of Double Taxation and prevention of avoidance and evasion with respect to
See MoreFrance: Tax Authority Released The Final Version Of Abridged Documentation Report
The tax authorities of France released the final version of the tax form No 2257-SD on 16 September 2014 which is also known as the abridged documentation report, requiring some information; Information for MNE: Multinational Entity’s
See MoreCGT Provisions in DTA has been amended by Luxembourg & France
Capital gains tax provisions on real estate have been amended by Luxembourg & France and this is for a fourth time has revised their double tax agreement. The Protocol was signed on September 5, 2014, by Michel Sapin, France's Minister of
See MoreFrance – Issued guidelines on limiting the interest deduction on related –party loans
The French tax authorities issued final guidelines on 5 August 2014 regarding the newly enacted rules on limiting the interest deduction on related -party loans. According to the final guidelines disallowed interest will not be regarded as a deemed
See MoreFrance-Amended Finance Bill for 2014
The national assembly of France adopted the Amended Finance Law and the Amended Finance Law on Social Security for 2014 on 23 July 2014.The Constitutional Court will now review the law and after signing by the president the law will enter into
See MoreFrance- Investment Protection Agreement with Colombia
The French-Colombian investment protection agreement was signed on 10 July 2014. The agreement will improve bilateral exchange. The agreement is expecting to give protection, clarity and a transparent legal framework for managing any capital
See MoreFrance-Ratification of FATCA pact with the United States
The French Minister of Foreign Affairs has presented a draft bill to ratify the intergovernmental agreement (IGA) between France and the United Sates to apply the Foreign Account Tax Compliance Act (FATCA). The agreement provides a framework
See MoreFrance- Deadline for filing additional Transfer Pricing Statement
The French Government adopted a new additional transfer pricing documentation requirement codified under Article 223 quinquies B of the French General Tax Code. According to the new rule certain taxpayers will be able to file a “reduced”
See MoreGuidelines on the France-Portugal Income Tax Treaty
The Tax Administration of France issued on 25 June 2014 guidelines for those workers who work on ships and aircraft in international traffic under the France-Portugal Income Tax Treaty of 1971. Under provision of paragraph 3 of Article 16 of the
See MoreFrance-Signed Protocol to DTA with Switzerland
France and Switzerland has signed a protocol on 25 June 2014 to the agreement of 1966 for the avoidance of double taxation. The protocol would amend the existing agreement by updated provisions on the administrative assistance in tax matters and
See MoreFrance Reveals Revised HGV Tax
The French Ministry of Ecology has announced that the plans for a heavy goods vehicle (HGV) "eco" tax will be abandoned. Instead of this a truck transit toll will be imposed from 1 January 2015. The charge will be applied to all HGVs over 3.5
See MoreFrance: Withdraws IHT Agreement with Switzerland
The government of France has announced to withdraw the 1953 inheritance tax (IHT) agreement with Switzerland effective from 31 December 2014. Accordingly from 1 January 2015 in the absence of a treaty domestic inheritance tax rules will be
See MoreFrance: Planning of Tax Cuts By 2017
The French Court of Auditors is estimating that the companies’ liability to mandatory levies will be cut by EUR14bn between 2015 and 2017. The Responsibility, Solidarity Pact, the tax credit for competitiveness and employment program will
See MoreFrance: Adopted Amending Finance Bill for 2014
The Council of Ministers of France adopted the Amending Finance Bill for 2014 on 11 June 2014. According to the adopted bill the temporary surtax on the corporate income tax for large companies will be eliminated on 30 December 2016. The thresholds
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