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Tax Law

29 April 2020 | Thomas Caveng

Impacts of the Covid-19 sanitary crisis on the “Quick Fixes” Directive

Businesses are now focusing on implementing the exceptional tax measures taken by the Government in order to optimally manage their cash flow. However, it should not be overlooked the fact that the Covid-19 crisis may have significant consequences regarding specific existing tax rules.

As a result, we focus our attention below on the consequences that the current health crisis may have on the application of the so-called « Quick Fixes » VAT rules applicable since January 1, 2020.

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29 April 2020 | Thomas Caveng

Impacts of the Covid-19 sanitary crisis on the financing methods: Focus on the debt write-offs

In the current context of the Covid-19 crisis, companies facing difficulty are looking for efficient solutions to limit the financial consequences arising from this crisis. If they can already benefit from payment facilities and other fiscal measures urgently adopted by the French Government, existing mechanisms improving their cash flow can also be put in place.
These days, where many activities have partially, or even totally, shutdown, debt waivers may be an interesting option for companies in order to maintain sales relationships and ensure the continuity of their activity as much as possible.

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8 April 2020 | Thomas Caveng

Covid-19 – Opportunities to improve cash flow: Deferral of payment of direct taxes and flexibility in the computation of VAT

Where do we stand on April 8, 2020?

Measures related to COVID-19 are increasing. In this context, it is obvious that the application of the tax rule is becoming more complex.

In this respect, two themes in particular deserve attention because they offer opportunities to improve cash flow for companies: the deferral of the payment of direct taxes due in April and the measures to ease the computation of VAT due during the containment period.

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1 April 2020 | Thomas Caveng

Covid-19 – Tax debt payment facilities: For whom and what procedures?

While the Government announcements, legislation and other regulatory publications in response to the Covid-19 outbreak are proliferating, the actual applicable law and its clarity for taxpayers is suffering. On March 31, 2020, Gérald Darmanin, Minister of Action and Public Accounts, announced a deferral of the 2020 income tax reporting campaign.

In this context, this contribution provides an update on payment facilities and other existing tax measures to relieve taxpayers in these troubled times.

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28 March 2020 | Thomas Caveng

Covid-19 – Suspension of tax and customs audits: Who, when, how?

Extension of procedural deadlines during a state of health emergency: What are the impacts on tax and customs?

Ordinance n°2020-306 of 25 March 2020, published in the Official Gazette on 26 March 2020, provides for the suspension and extension of time limits and measures that have expired or expire between 12 March 2020 and the end of a period of one month from the date of termination of the state of health emergency.

Articles 10 and 11 of the Ordinance provide for a number of measures concerning fiscal and customs matters.

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