Posted by Levi WEISZ
Agricultural profits, Agricultural profits
Friday, July 30th, 2010
Agricultural profits include in principle all income that farmers, tenant farmers or working owners derive from the operation of rural property. Generally speaking, agricultural profits include income derived from crop farming, livestock farming, forestry and the sale of biomass or energy mostly derived from farming. There are three regimes – notional, simplified actual profit and [...]
Posted by Levi WEISZ
Professional profits, Professional profits
Friday, July 30th, 2010
Professional profits include the profits of the professions and of offices and practices whose holder does not have trader status, and the profits of all occupations, for-profit concerns and sources of profit not falling within any other category of profits or income (regular stock market trading, copyright, income received by inventors, etc.). Taxpayers taxed on [...]
Posted by Levi WEISZ
Business profits, Business profits
Friday, July 30th, 2010
Business profits include profits from industrial, commercial and craft activities, from certain activities taxed in that category by law (such as profits made by property dealers) and, under certain conditions, from secondary activities. The rules for determining the tax base are in principle identical to those that apply to corporation tax. However, the territorial rule [...]
Posted by Levi WEISZ
Scope, Scope
Friday, July 30th, 2010
Personal income tax is in principle a comprehensive tax levied on an individual’s total income in a given year. Unless otherwise provided, all income, regardless of origin, is aggregated to give an overall net income to which a single tax scale is applied. The scale has progressive income bands. However, there are many provisions in [...]
Posted by Levi WEISZ
Corporate Tax law, Corporate Taxation
Wednesday, July 28th, 2010
Corporation tax is a tax, in principle payable annually, on all profits generated in France by companies and other legal entities. It concerns about a third of French companies.
