French Tax Law

GAFA watch out for the French IRS

Are you the CEO of a large digital company? Tax advisor for a GAFA? CFO? Do you fear the application of this new tax? Do you wonder how to avoid its major consequences? In order to better understand the impact of this tax on your business, it is advisable to be guided by Picovschi Lawyers, a firm composed of experienced tax lawyers for 30 years. After numerous negotiation failures at the international level, France passed, in July 2019, the law on the taxation of large digital companies.

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The Dutreil Covenant: the family hand-over tool

Do you want to pass on your business? Alternatives exist to obtain tax benefits. The Dutreil covenant allows the transfer of a family business. This French peculiarity is an incentive tax mechanism, that enables the possibility to ensure the stability and the permanence of the company in the case of a transfer of business. The Dutreil covenant introduces numerous benefits, although this is quite restrictive. Picovschi Lawyers presents advantages and inconveniences of the Dutreil covenant.

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France: a superb legal, social and tax environment

France is a country brimming with opportunities for international business development. It is also a leading European location for access to the entire continent. Yet, to succeed in this market, a physical establishment is required, either by creating a commercial entity or by working through local distributors.

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Company Executives: tax scheme governing remunerations

In your capacity as company executive, you are entitled to a remuneration in consideration for the duties you perform and your various responsibilities. This remuneration can be established in the company’s Articles of Association, by the Supervisory Board or the Board of Directors, in a collective decision of the shareholders or by the shareholders meeting. The PICOVSCHI attorneys firm considers that it is advisable to recall the procedures governing the taxation of remuneration which are closely related to the company’s tax scheme and legal form.

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Foreign Bank Accounts: the noose tightens again

Tracking down French taxpayers who have seen it acceptable to not declare references of their bank accounts and similar accounts outside of France, continue to persist. To follow the rules put in place many years ago, legislation has added a new article to the Book on Tax Procedures (LPF). This article L. 10-0 A. allows the tax administration to examine all of the movements of these accounts for all of the years under which reporting requirements have not been met.

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Tax audit: Why you? - What alerts the IRS

The French tax system relies on a declarative system, based on the presumption that the taxpayer declares what he owes truthfully. In return, the IRS is responsible for ensuring the accuracy of these written statements.

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Tax Credits: Keep an eye out for audits!

These tax optimizations thus have quite a productive purpose. But as the state has made a habit of trying to

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Construction companies, pay attention to fiscal control

Tax audits triggered due to these companies result in tax and accounting negligence, globally and statistically greater than that found in other sectors, such as trade.

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Transport companies: your remedies in case of tax audit

The transport sector, both in the road and maritime sectors, is one of the prime targets of the tax administration.

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Suspension of Tax payment in France: the guarantees Part 2

In support of his application for suspension of payments, the taxpayer has 15 days to provide guarantees that it shall be.

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French Tax Administration and Statute of Limitation : Part 1

The Tax Administration must meet certain deadlines when conducting audits. According to the Book of Tax Procedures (LPF), recovery time expires three years after the tax is due. It should be noted that if unlawful activity is confirmed by the directors, this deadline is extended to six years.

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French Tax Administration and Statute of Limitation : Part 2

The Tax Administration must meet certain deadlines when conducting audits. According to the Book of Tax Procedures (LPF), recovery time expires three years after the tax is due. It should be noted that if unlawful activity is confirmed by the directors, this deadline is extended to six years.

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Suspension of Tax payment in France: the guarantees Part 1

Individuals and businesses that have undergone a tax audit can retain, as part of a contentious claim, pursuant to Article R * 190-1. Paper tax procedures to challenge the charges applicable to them, if they are wholly or partly justified.

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A French Law Firm and a Tax Auditor to assist you

Our French and US Tax lawyers assist our clients in tax audits and during the criminal proceedings that follow this step.

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Tax Optimization in France

As lawyers competent in tax law we practice tax optimization in France.

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Selling an apartment in France: How to reduce profit taxes?

Our French Tax Lawyers can assist you in saving on capital gains when you sale your real estate in France.

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How to save on taxes in France?

By creating a business structure in France, our law firm reduces to maximum taxes due by companies based in Europe by correctly planning their business operations.

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Tax audit: practical advice from a French Law Firm

In this new column, we offer for individuals, traders, professionals, craftsmen, managers of small and micro businesses ... to provide some tips, adapted as possible to the exact nature of the problems with the tax authorities.

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Reduction of Social Cost

Our team of US & French Attorneys is trusted by the French-based US Embassy. We can help you in reducing the amount of corporate, income or estate Tax you will have to pay.

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Repression of International Tax Evasion in France

Our team of US & French Attorneys is trusted by the French-based US Embassy. We can help you in reducing the amount of corporate, income or estate Tax you will have to pay.