Tax & Accountancy
The French tax year goes from January 1 – December 31, and the earlier you book an initial meeting with a tax accountant the better, particularly if this is your first French tax return. Our trusted tax partner, Géraud Nayral, advises an initial video consultation with one of his bilingual team between January – March because places become very limited by May (final tax declaration dates are June.)
French Tax Return
Unless you already have a Tax Identification Number (TIN), you are not registered in the French tax system so you are obliged to put in your first tax return on paper. It is wise to get expert help for your first and subsequent French tax returns because mistakes can be costly. You will be guided through the relevant forms to make sure you are fully compliant with French tax laws (this protects you from penalties or complications in the future). This service includes a mandatory human check of all data entered so you can be 100% that every tax return is correct.
Tax Code Creation
A Tax Code is simply a Tax Identification Number (TIN) that allows the French tax authorities to know who you are. Once you have a tax code, you will be able to submit your tax returns online instead of on paper. Géraud’s team will help you gather all the necessary documents required for your application, including proof of identity, residence, and any other relevant paperwork. They meticulously check the validity of these documents to ensure they meet the requirements of the French tax authorities, then handle the entire submission process on your behalf. If you don’t apply for a Tax Code before you have submitted your first French tax return, you will be automatically assigned one when that paper tax return is submitted.
French Tax Advice For US Citizens
Géraud is also a Certified Public Accountant (CPA), who offers detailed guidance on both the US and French tax systems. This ensures compliance whilst at the same time maximizing benefits under the US-France double tax treaty, which helps you to avoid double taxation by allowing tax credits for tax already paid in France. He will explain key concepts such as the Foreign Earned Income Exclusion, FBAR requirements for reporting foreign bank accounts, and FATCA compliance. Additionally, they will cover tax residency rules to help determine your tax obligations based on your time spent and primary residence in France. He will also cover property and estate planning considerations, highlighting the implications of local property taxes and inheritance rules under the US-France Estate Tax Treaty.
French Real Estate Acquisition
Owning property in France can be complex without sound advice. This service determines the correct legal structure of the purchase, especially if you are thinking of renting the property in the future or considering a donation to your children.
Capital Gains Tax
Géraud is also a Certified Public Accountant (CPA), who offers detailed guidance on both the US and French tax systems. This ensures compliance whilst at the same time maximizing benefits under the US-France double tax treaty, which helps you to avoid double taxation by allowing tax credits for tax already paid in France. He will explain key concepts such as the Foreign Earned Income Exclusion, FBAR requirements for reporting foreign bank accounts, and FATCA compliance. Additionally, they will cover tax residency rules to help determine your tax obligations based on your time spent and primary residence in France. He will also cover property and estate planning considerations, highlighting the implications of local property taxes and inheritance rules under the US-France Estate Tax Treaty.
French Accounting
Whatever type of French business structure you have set up – SCI, SARL, SAS and more – Géraud and his team will handle your accounting expertly and effectively. This service includes bookkeeping, VAT returns, annual accounts, annual AGM and company incorporation and closure.