French tax

How to request a tax number for your first French tax return

Question from the reader: We are British pensioners living in France. We are each under the UK tax threshold and are not required to submit UK tax returns. Do we need French tax numbers and submit declarations here? How to request the French tax number? All residents of France must file an income tax return […]

French tax

Eight tips to avoid a French tax audit

Checks carried out by tax officials on people’s financial affairs generated an additional €7.8 billion for state coffers in 2020 (latest published figures). Maximizing tax revenue is now seen as more important than ever, which means controls are on the rise. Everyone living in France must make a declaration of their worldwide income, although tax […]

French tax

Transactions between head office and branches: the French tax authorities comment on the European cases Skandia and Dansk bank

The French tax administration (“FTA”) has just published comments clarifying its position with regard to recent case law governing the fate of flows between branches (branch or head office) of the same legal entity, which are also members of a VAT group in the State where they are established. The AFC considers the provision of […]

French tax

UBS bank appeals a second time against a fine for French tax evasion

UBS argues that the evidence presented in court was insufficient to establish guilt. Keystone / Sebastian Gollnow Switzerland’s largest bank, UBS, has announced that it will appeal again against a fine imposed by a French court for tax evasion offences. This content was published on December 20, 2021 – 18:04 December 20, 2021 – 6:04 […]

French market

Insure tax debts on the French market

TLI is an essential tool to facilitate and secure transactions in France Dean: How has tax liability insurance entered the French market over the past five years? Emmanuelle : Probably due to their Latin culture, French players have been slow to enter the Guarantee and Indemnification (W&I) market and, similarly, have been slow to incorporate […]

French tax

Will drones join satellites to unmask French tax evaders?

The success of a new satellite campaign to unearth French property owners who evade their tax obligations by failing to declare property improvements will determine whether a hitherto rock-solid ban on the use of low-altitude drones to throw a peek into the affairs of private citizens is added to this mix of spy tools. It’s […]

French tax

French tax administration starts using aerial shots to find undeclared swimming pools

The French tax administration will analyze aerial imagery to track undeclared home improvements such as swimming pools, verandas and extensions in nine departments starting this month. The nine departments are: Alpes-Maritimes, Ardèche, Bouches-du-Rhône, Haute-Savoie, Maine-et-Loire, Morbihan, Rhône, Vendée and Var. The trial in the nine departments will last a few months, with first results expected […]

French market

The biggest way to enter the French market with an expatriate product

Utmost Wealth Solutions, which is part of Utmost International today (October 4), announced its entry into the French market with the launch of a new Life Insurance product for expats living there. Apex (France) combines a life insurance contract with a range of investment options designed to meet the needs of clients and offering a […]

French tax

The French tax authorities will work with Google to identify undeclared pools

Property tax evaders who try to hide swimming pools are targeted by aerial photos and artificial intelligence. As part of a € 12 million deal with Google and IT company Capgemini, the French tax administration will use the technology to find undeclared swimming pools, tennis courts, conservatories and extensions. These “extras” must be declared because […]

French tax

The French tax administration will work with Google to identify undeclared pools

Property tax evaders trying to hide the pools are being targeted by aerial photos and artificial intelligence. As part of a 12 million euro deal with Google and IT company Capgemini, the French tax authorities will use the technology to search for undeclared swimming pools, tennis courts, conservatories and extensions. These “extras” must be declared […]

French tax

Would a six month visa plus a 90 day stay make us French tax residents?

Question from the reader: We are British retirees with a second home in Brittany. If we were to visit France for a period of 90 days in a given year and then apply for a six month visa to allow us to stay longer, would that result in our pensions being subject to French tax? […]

French tax

How the French tax authorities research online social networks to detect fraud

In the finance bill for 2020, the French tax and customs administration was authorized, on an experimental basis, to use information from social networks and online sales sites to trigger tax and customs investigations. The terms of application are now published. This article examines the scope of this new process, how it will work in […]

French market

The development of civil liability insurance on the French market

The French tax insurance space is expanding Transact is one of the few insurers located on the European continent and they have a strong presence in Benelux and France. They have seen a significant increase in the French Guarantee and Indemnity (W&I) and Tax Liability Insurance (TLI) market over the past few years. Dean: Can […]

French tax

Completing your first French tax return: a simple guide

Your very first return can be submitted in paper form, which was the only option until recently. Indeed, the beginners were not registered with the tax system and did not have a tax identification number. However, you can now apply for a number online, which will also allow you to make your first declaration online. […]

French tax

New tax compliance audit process in France — In practice

How about asking the private sector to audit companies on their tax compliance? Nothing should prevent it, because it already exists in many activities for which the public authorities rely on the private sector to verify the safety regulations. The French tax administration (AFC) published on January 13, 2021 a decree (Decree n ° 2021-25 […]

French tax

UBS hits record 4.5 billion euros in tax appeal in France | Invest News

By Brenna Hughes Neghaiwi and Sarah White ZURICH / PARIS (Reuters) – Swiss bank UBS to begin appeal on Monday against a record fine of 4.5 billion euros ($ 5.37 billion) imposed by a French court for allegedly helping wealthy clients hide assets not declared abroad. The case will be followed by banks across Europe, […]

French tax

UBS heads for record €4.5 billion appeal in French tax case

By Brenna Hughes Neghaiwi, Sarah White ZURICH/PARIS (Reuters) – Swiss bank UBS will begin its appeal on Monday against a record 4.5 billion euro ($5.37 billion) fine imposed by a French court for allegedly helping wealthy clients hide undeclared assets abroad. FILE PHOTO: The company logo is seen at a branch of Swiss bank UBS […]

French tax

UBS launches record-breaking € 4.5 billion appeal in French tax case

ZURICH / PARIS, March 5 (Reuters) – Swiss bank UBS (UBSG.S) will appeal on Monday against a record fine of 4.5 billion euros ($ 5.37 billion) imposed by a French court for allegedly helped high net worth clients hide undeclared assets overseas. The case will be watched by banks across Europe, where fines for tax […]

French tax

French tax administration tests social networks to detect fraud

The French tax administration will now be able to use the data published online to cross-check tax returns. This includes text, images, videos, and photos posted on social media sites such as Facebook, Twitter, and Instagram, as well as online shopping platforms such as Leboncoin, Vinted, and Ebay. The new measure is being implemented on […]

French tax

What do the changes to French tax law mean for expats?

High net worth and ultra-high net worth individuals living or owning property in France should understand the most relevant changes to French tax law, which are expected to be announced in the 2020 budget, writes Joanne Leach, Senior Client Director at Salle Strabens France. Assess the situation before acting. Remember that French inheritance rules are […]

French tax

The tax refund scam in France circulates by e-mail

Opening the message sent to personal email addresses says “Hello, after the last calculations for the exercise of your activity, we have determined that you are eligible to receive from our part in the amount of …” (Hello, our latest calculations of your professional activity show that you are eligible for a reimbursement in the […]

French tax

Report: Louis Vuitton cuts staff discounts after French tax audit

Paris, France – Louis Vuitton is cutting deep discounts for staff members and their families after a French tax authority ruled bargain prices on haute couture should be considered a taxable benefit, according to people familiar with the matter. The LVMH brand has agreed to end staff discounts of up to 90% for unsold products, […]

French tax

Google to pay over $ 1 billion in fines to end France tax evasion investigation

PARIS: US Internet giant Google has reached an agreement worth a total of 945 million euros ($ 1.0 billion) to end a tax dispute in France under an agreement announced Thursday in court. The company will pay a fine of 500 million euros for tax evasion, as well as an additional 465 million euros to […]

French tax

French tax dispute: Google pays $1.1 billion, Apple could be next

Google has agreed to pay nearly 1 billion euros ($1.1 billion) to settle a French tax dispute. The amount includes €465m in underpaid taxes and a fine of €500m. Google said in a statement that it “agreed” to pay the tax… Reuters reports. Google announced on Thursday that it had agreed to pay 465 million […]

French tax

Google pays more than a billion dollars to settle French tax affairs

PARIS — Google is paying more than $ 1 billion in fines and back taxes to settle two tax disputes in France, where it has faced years of investigations into whether it has correctly reported all its activities in the country. The French financial prosecutor said on Thursday that a court had approved a 500 […]

French tax

Trump threatens ‘reciprocal action’ on French taxation of US tech companies

President Donald Trump criticized France on Friday for enacting a 3% tax on US tech companies like Amazon, Facebook and Google and threatened to tax French wines in return. “France has just imposed a digital tax on our big American tech companies. If anyone is taxing them, it should be their home country, the United […]

French tax

Google owes no French sales tax to advertisers, according to court rules–MNE Tax

Through Pascal Luquet, Mickaël Duquenne, & Paul Bufort, Grant Thornton Law Firm, Neuilly-Sur-Seine, France Google has just won a new battle against the French tax authorities. On April 25, the Paris Administrative Court of Appeal confirmed that Google Ireland had no permanent establishment in France from 2005 to 2010. Google was not taxable in France […]

French tax

UBS to appeal after 4.5 billion euro fine in French tax evasion case

By Inti Landauro, Emmanuel Jarry PARIS (Reuters) – A French court has found Swiss bank UBS AG guilty of unlawful solicitation of clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion ) fines. Shares of the Swiss bank fell 3.2% after Wednesday’s decision. UBS, which has denied […]

French tax

Apple agrees to pay 500 million euros to end 10 years of tax battle in France

Apple has settled a decade-long tax battle with France, agreeing to pay half a billion euros ($570 million) in back taxes. The French government had accused Apple of evading or avoiding the tax due on sales made in France… The line between tax evasion, which is illegal, and aggressive tax evasion, which is legal, can […]

French tax

French tax on Google, Facebook to apply from January 1, 2019 – POLITICO

A French tax on digital giants including Google and Facebook will come into force on January 1, 2019, Economy Minister Bruno Le Maire announced on Monday. The government, which has lobbied unsuccessfully for a pan-European “digital tax”, hopes the tax will bring in 500 million euros per year in state coffers. The Mayor had previously […]

French tax

Apple is going to court with a group of French tax activists who describe the company as the empire of Star Wars

Last month, Apple sued the French tax activist group “Attac” for occupying its flagship Paris store during a protest against what Attac called “large-scale tax evasion”. Apple today asked the Paris court to ban the group from its French stores and prevent further stunts from happening. In response to the court filing, Attac mobilized in […]

French tax

French tax reform – Lexology

On November 15, 2017, the French government published a draft reform of the tax regime applicable to mergers and divisions. The bill would remove some of the most stringent requirements currently applicable to cross-border and domestic reorganizations. SUMMARY The proposed reform aims to bring French tax law into line with the EU Merger Directive and […]

French tax

The heir to the artistic dynasty Guy Wildenstein cleared of a French tax fraud of 550 million euros | France

The scion of Franco-American artistic dynasty Guy Wildenstein has been cleared of French authorities for hiding paintings and properties worth hundreds of millions of euros after one of the biggest tax evasion trials ever staged in the country. State prosecutors had wanted the 71-year-old to be sentenced to two years in prison and fined 250m […]

French tax

French tax police raid Google’s Paris office

French police raided Google’s Paris office as part of an investigation into the company’s tax affairs. The raid began at 5 a.m. Paris time on Tuesday, according to the local newspaper. The Parisian. It involved five prosecutors, 25 computer scientists and investigators from the French tax authorities and the Central Office for the Prevention of […]

French tax

Karl Lagerfeld in talks with the French tax authorities – WWD

PARIS — Karl Lagerfeld, one of the hardest-working and best-paid fashion designers, is under the control of the French tax authorities. The revelation was made by the French news weekly L’Express, which published a three-page article on Wednesday under the title “L’argent voyageur de Lagerfeld”, or “L’argent voyageur de Lagerfeld” in English. The report alleges […]