When opening a company in France, it should be taken into account that the country has a rather complex tax system and some of the highest taxes among European countries.
The tax on profits of companies with a turnover of more than €10 million since 2023 is 25%, with a turnover of up to €45.5 thousand, a reduced rate of 15% applies. But at the same time, there are many benefits, especially in the first years after starting a business.
Therefore, a good tax lawyer for those who want to open a business in France will be no less important than an experienced accountant. Taxes in France for individual entrepreneurs depend on turnover and field of activity. Thus, microentrepreneurs must pay a social tax on turnover. For the sales sector, it is 12.3%, for the service sector – 21.1-21.2%. Also, taxes for individual entrepreneurs in France include mandatory income tax. Microentrepreneurs can pay it at a fixed rate. Depending on the field of activity, this is from 1 to 2.2%.
