31 Finance Monthly Taxation Awards 2024. FRANCE Could you share your experience in assisting individuals with tax audits and negotiations with administrative and tax services? What are some common pitfalls to avoid? In my experience, assisting individuals with tax audits and negotiations with tax services has highlighted several common pitfalls to avoid. Of course, inadequate record-keeping, inconsistencies in reporting, and lack of proactive tax planning are often key areas where individuals may encounter challenges during tax audits. However, individuals are facing more often the application of «abuse of law» from the FTA, who interpret the legislation in an excessive way. As an example, the FTA recently considered a client fraudulent because the service considered her married name, and she was declared in her real estate wealth tax return under her birth name. To navigate these situations successfully, a case by case assistance must be provided. What are the critical tax considerations for individuals and businesses considering international relocation, particularly to or from France? Critical tax considerations for individuals and businesses considering international relocation, particularly to or from France, include residency status, tax treaties, and potential tax implications on income, assets, and investments. Proper tax planning and professional guidance are essential in managing these considerations effectively. When advising on establishing operations in France, how do you address corporation tax, VAT, and the applicability of international tax rules? When advising on establishing operations in France, we take a systematic approach that involves understanding the short-term and long-term needs of the business. This includes analyzing the French tax, legal, and social impacts upon set up, activity, and exit. We also provide estimates at each stage, along with the most relevant alternatives, including specific attractive regimes that may apply. Additionally, we emphasize the necessity of perfect coordination with international advisors after reviewing databases and utilizing AI solutions to ensure comprehensive and accurate advice. In addressing corporation tax, we carefully consider the specific circumstances of the business and the available tax incentives and credits that may apply. This includes analyzing the potential impact of international law and identifying opportunities to minimize tax liabilities through their applicability. When it comes to VAT, we provide guidance on registration requirements, compliance obligations, and the implications of VAT on the business’s operations in France. We also advise on the most effective VAT planning strategies to optimize the business’s VAT position while ensuring compliance with the relevant regulations. Finally, what’s next for DPZ Avocats? What does the rest of the year hold for you? DPZ Avocats is committed to expanding our capabilities in tax law from advisory to defence, embracing digital and societal transformation to better serve our clients. We aim to continue delivering exceptional value and staying at the forefront of evolving tax landscapes to meet our clients’ needs effectively. Our goal is to achieve French tax peace for corporations and high-net-worth individuals by adopting a new approach to tax strategy through the development and application of relevant French rulings. As Nelson Mandela once said, “It always seems impossible until it’s done,” and we are determined to uphold this spirit as we navigate the legal landscape in 2024. market
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