Altexis is an independent law firm specialized in tax advice to French and foreign companies in diverse industries and services sectors. Altexis also advises selected individuals with respect of estate management, cross border personal income tax issues, French wealth tax and French driven individual’s tax audits.
AUDIT
This chapter is not exhaustive and is limited to broadly outline the tax consequences of the main events occurring when doing business in France. It does not constitute a tax advice or a client - attorney relationship. Materials are not suitable for tax analysis. Visitors are invited to consult a tax lawyer before taking any decision.
The statute of limitation for ORGANIC is 3 years. Non compliance or late compliance triggers a 10 % tax penalty with a maximum of 152 euros. Late payment triggers a yearly 10% tax penalty. Non compliance within 15 days following the reception of the formal notice, or incomplete information, inexact information trigger a penalty of 9150 euros and up to two years of imprisonment. In case of non compliance, ORGANIC is allowed to estimate the tax due by the company except if ORGANIC can cross check with other public services that the turn over of the company does not exceed 760 000 euros.
30/03/2012 - Europe – Customs - Extension of the common transit procedure and the simplification of formalities in trade of goods to Croatia and Turkey
Following a decision of the Council of the EU, Croatia and Turkey are invited to accede to the Convention of 20 May 1987 on common transit procedure and the Convention of 20 May 1987 on the simplifica (...)
06/02/2012 - TRUST - DISCLOSURE OBLIGATIONS OF THE TRUSTEE
A very recent ruling issued by the French tax authorities on December, 23d, 2011(N° 2011/37), specified the details of the disclosure obligations by a trustee. These disclosure obligations are require (...)
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The statute of limitation for ORGANIC is 3 years. Non compliance or late compliance triggers a 10 % tax penalty with a maximum of 152 euros. Late payment triggers a yearly 10% tax penalty. Non compliance within 15 days following the reception of the formal notice, or incomplete information, inexact information trigger a penalty of 9150 euros and up to two years of imprisonment. In case of non compliance, ORGANIC is allowed to estimate the tax due by the company except if ORGANIC can cross check with other public services that the turn over of the company does not exceed 760 000 euros. 