Decree of August 3, 2012: calculation and application of local taxes on electricity

Competition & Consumer Law, Tax law

Estimated reading time (in minutes) Empowerment of the authorities On August 3, 2012 , a decree was issued to revise the ceilings of the multiplier coefficients of local taxes on final electricity consumption. These taxes are imposed on electricity users and benefit...

Reduction of income tax: Decree No. 2012-992 of August 23, 2012

Tax law

Estimated reading time (in minutes) Building Restoration In order to provide clarity and guidance regarding the income tax reduction outlined in Article 199 series of the General Tax Code, the French government issued Decree No. 2012-992 on August 23, 2012. This...

Opinion of the Court of Cassation on the referral of documents within a law firm

Other, Tax law

Estimated reading time (in minutes) The judge responded to a request for cancellation of a report of visit and seizure carried out by agents of the tax administration of a law firm. The judge acknowledged that the document in question, a draft defense brief, was...

Export declaration in fallback procedure

Tax law, Other, Tax law

Estimated reading time (in minutes) A decree published on August 10 chooses the paper export declaration model as a fallback procedure. An order indicates the choice of the model of the paper export declaration when the Customs system or that of the operator does not...

Right to deduct: cost of sale of equity securities

Commercial and company law, Commercial and company law, Tax law

Estimated reading time (in minutes) The Council of State has laid down the rules applicable to the deductibility of VAT paid on expenses related to the sale of equity securities. When a holding company, which engages in an economic activity for which it is subject to...

Partnership: the presumption of distribution of income does not apply where amounts are made available to a partnership rather than directly to the individual partner

Commercial and company law, Tax law

Estimated reading time (in minutes) Presumption of income The presumption that the sums paid by a company to its partner as advances constitute income distributed to the partner unless proven otherwise (CGI, art. 111, a) does not apply when the sums are made available...