Entrepreneur: All you need to know about being self-employed in France


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  • Good chance to test your business idea out for a while


  • Simplified bookkeeping (so you don’t need to pay an accountant)


  • Quick to set up


  • Easy to close down or modify


  • Gives you access to healthcare in France


  • Fixed social charges – based on your earnings


  • Fixed reductions for income taxes


  • In order to keep the status there is a limit on your earnings


  • No reduction of running costs that you get with other business structures (important for businesses which buy materials or products, such as plumbers) 


  • Difficult to get investments from banks


  • You are solely responsible for your business


Self-employed in France: What type of company should I set up?Photo: Depositphotos





  • Ensure that you start adding the VAT to your invoicing from the first day of the month.


  • You should approach your local tax office as soon as possible in order to request a TVA number and this can also be done via email. 


  • Make sure that this number is on all of your invoices


  • Activate your TVA account online in your professional space at impots.gouv.fr


  • Track the TVA invoiced using a correct invoicing system. Keep receipts if you wish to recuperate TVA paid.


  • If you pay your TVA  yearly twice a year rather than on a monthly basis, you declare your earnings and TVA using the CERFA form (3517) and then you pay online in your professional tax space: 55 percent in July, half in 45 percent December of the following year.


  • Declare and pay your TVA online.


Photo: AFP


The essential documents you will always need in France



Article source: http://www.aljazeera.com/indepth/opinion/kenya-rerun-elections-171027052625931.html

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