economie.gouv.fr,Entreprises : ce qu’il faut savoir sur les taxes sur l’affectation des véhicules à des fins économiques

by

Businesses: What You Need to Know About Taxes on the Allocation of Vehicles for Business Purposes

The French government has implemented a new tax on the allocation of vehicles for business purposes, effective January 1, 2025. This article provides a comprehensive overview of the tax, including its applicability, calculation, and reporting requirements.

Applicability

The tax applies to businesses that provide vehicles to their employees or executives for personal use or for both personal and business purposes. It does not apply to vehicles used exclusively for business purposes.

Calculation

The tax is calculated as a percentage of the vehicle’s taxable value, which is determined based on its CO2 emissions and market value. The tax rates are as follows:

  • Vehicles with CO2 emissions of up to 60g/km: 0%
  • Vehicles with CO2 emissions of 61-120g/km: 5%
  • Vehicles with CO2 emissions of 121-180g/km: 10%
  • Vehicles with CO2 emissions of 181-250g/km: 15%
  • Vehicles with CO2 emissions of over 250g/km: 20%

Reporting Requirements

Businesses are required to file an annual tax return (déclaration 2757-SD) by May 15th of the following year. The tax return must include the following information:

  • The number of vehicles allocated for business purposes
  • The taxable value of each vehicle
  • The amount of tax due

Penalties

Failure to file the tax return or pay the tax on time may result in penalties.

Additional Considerations

  • Businesses can deduct the tax from their corporate income tax base.
  • The tax is in addition to any other taxes or fees that may apply to the use of vehicles, such as the annual road tax (taxe d’immatriculation).
  • Businesses may consider implementing policies or reducing the allocation of vehicles for personal use to minimize their tax liability.

Conclusion

The tax on the allocation of vehicles for business purposes is a new obligation for businesses in France. Businesses should carefully review the applicable rules and regulations to ensure compliance and minimize their tax liability.

Entreprises : ce qu’il faut savoir sur les taxes sur l’affectation des véhicules à des fins économiques

The AI has provided us with the news.

I’ve asked Google Gemini the following question, and here’s its response.

economie.gouv.fr a new article on 2024-12-26 10:27 titled “Entreprises : ce qu’il faut savoir sur les taxes sur l’affectation des véhicules à des fins économiques”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.

21

Post Views: 2

Leave a Comment