Electronic payment obligations for corporation tax and payroll tax

Commercial and company law

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Digital tax complianceSince October 1, 2011, companies have been required to pay their corporation tax electronically if their turnover exceeds 230,000 euros excluding tax. In addition, companies subject to corporation tax are required to telepay their  tax debts  .

Electronic payment obligations for corporation tax and payroll tax: –

As of October 1, 2012, the Ministry of Finance announced that all companies subject to corporation tax must comply with the following requirements:

  1. Electronic transmission of corporation tax and social security payments: Companies are required to electronically transmit their corporation tax and social security payments. This requirement applies to all deposits made from October 2012.
  2. Electronic declaration and payment of VAT: Companies are required to declare and pay their VAT electronically. This includes submitting VAT credit refund requests electronically. The VAT obligation applies to all filings made from October 2012, starting with the monthly VAT return filed for transactions made in September 2012.

For example, companies that closed their 2011 financial year on December 31, 2011, with a turnover of more than 230,000 euros, must electronically pay the balance of their corporation tax for the 2011 financial year before March 15, 2013. If a company comes under the jurisdiction of the Direction des Grandes Entreprises (DGE), it must declare and pay its business taxes electronically regardless of the turnover achieved.

Electronic declaration and VAT regulations :  requirements and deadlines: –

It is important to note that as of October 1, 2013, companies not subject to corporation tax but with a turnover (excluding tax) of more than 80,000 euros will also have to electronically submit their declarations and VAT.

In addition, as of October 1, 2014, electronic declaration and payment obligations have been extended to all companies without condition of turnover.

Compliance with these electronic payment and reporting requirements is crucial for businesses to ensure that they meet their tax obligations accurately and efficiently. Seeking advice from a competent business lawyer can provide valuable guidance in navigating these  regulatory obligations  .