As an accounting firm based in Lyon, we meet every month to offer you the best of the French tax and accounting news.
12/09/2024 :
VAT taxpayers carrying out intra-Community transactions: deadline for filling the declaration of trade in goods and the European declaration of services for transactions carried out in August.
15/09/2024 :
Payment of the second installment of 50% of the Value Added Tax (CVAE) based on previous year’s tax.
Employers liable for payroll tax (taxe sur les salaires): payment of tax on salaries paid in August.
Payment of corporate tax installment (3rd quarter)
30/09/2024 :
Companies the financial year of which ends on June 30, 2024: deadline for filing out income tax return N°2065 (+15 additional days if submitted electronically).
To know more…
VAT: a shortfall of between €6bn and €10bn
The DGFIP has just published an interesting analysis of the loss of tax revenue resulting from under-declaration of VAT by French businesses (through simple omission of taxable transactions or through fraud). Extrapolating the anomalies identified during tax audits, the shortfall would represent around 4-5% of total VAT receipts, or around €6-10bn. As a reminder, the main aim of introducing electronic invoicing from 2026 is precisely to resolve this problem and improve the collection of VAT revenues.
Your income tax notices are available
Your 2024 tax notices based on 2023 income are now available in your online space impots.gouv.fr
It will therefore be possible to correct any errors in your declarations until December 4, 2024.
By making a correction, your income tax will be recalculated and a new tax notice will be sent to you.
Corporate sponsorship: a reminder of the deduction rules
With the start of the new sporting season in September, many businesses are keen to support local sports associations through corporate philanthropy. This generous initiative enables companies to claim a tax deduction equal to 60% of the sums donated, up to a limit of €20,000 or 0.5% of turnover excluding tax. It is important to note that sponsorship must support a work of general interest, and that the benefits obtained by the company must remain tiny for this deduction to be valid.
Cyberattack: anticipate to better protect your business
In an ever-changing digital environment, anticipating a cyberattack is essential to protect your business. What actions can you take to protect your business and limit the impact of an attack?
Avoid a cyberattack:
- Train your employees: Organize regular cybersecurity training sessions to make your teams aware of the risks (malicious e-mails, intrusion of corrupted files, weak passwords, etc.).
- Update systems regularly: Make sure all software, operating systems and applications are up to date to close security loopholes.
- Use protection tools: Install firewalls and antivirus software and keep them regularly updated.
- Enable two-factor authentication (2FA): For sensitive accounts, this extra layer of security can prevent unauthorized access, even if passwords are compromised.
- Audit your system’s security: call in experts to carry out a cybersecurity audit to identify vulnerabilities and strengthen infrastructures.
Keep working during a cyberattack:
- Back up data regularly: Keep frequent, decentralized backups of your data, ideally offline or in the secure cloud, so you can restore it quickly in the event of loss.
- Segment networks: By separating your critical systems from more vulnerable ones, you can limit potential damage in the event of an intrusion.
- Collaborate with security experts: Have a partner or specialized in-house team who can intervene quickly to contain and neutralize the threat.
- Communicate effectively: Keep customers and stakeholders informed of the situation, while ensuring that steps are taken to minimize the impact.
Cover the costs of a cyberattack:
- Take out cyber risk insurance: These policies typically cover the costs associated with data breaches, business interruptions, and legal and crisis communication costs.
- Set up an emergency fund: Allocate a portion of your resources to a specific technology crisis fund, which can help cover immediate costs in the event of a cyber incident.
- Evaluate supplier contracts: Review the liability clauses in your contracts to ensure that your suppliers are also covered in the event of an attack impacting your business.
By implementing these actions, you can not only reduce the risk of cyber-attacks, but also be better prepared to deal with them and limit their costs.
The Team Roche & Cie
Professionals or individuals, French or international, since 1948, Roche & Cie has been assisting clients from all horizons.
contact@cabinet-roche.com
+33 (0) 4 78 27 43 06
