What is tax package(liasse fiscale)?
The tax package, also known as the corporate tax return, is a set of essential documents that businesses must submit annually to the tax authorities.
The tax package, also known as the corporate tax return, is a set of essential documents that businesses must submit annually to the tax authorities. It plays a crucial role in determining taxable income and the amount of tax to be paid. This article explores in detail the definition of the tax package, its obligations, and the available e-filing methods in 2024.
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Table of Contents
- Tax Package: Definition and Components
- Obligation of the Tax Package
- Completing Your Tax Return
- E-Filing the Tax Package
- The Crucial Role of the Accountant
1. Tax Package: Definition and Components
The tax package, or corporate tax return, includes several key declarations and documents, such as:
- Profit and loss statement, profit allocation, and mention of any deficit.
- Balance sheet and income statement.
- Fixed asset schedule and depreciation schedule.
- Provisions, receivables, and payables schedule.
- Realized capital gains and losses.
- Added value produced.
- Composition of share capital and details of any subsidiaries, if applicable.
2. Obligation of the Tax Package
The tax package is mandatory for all companies under a real tax regime, regardless of their legal status, tax regime, or tax category, except for self-employed and micro-entrepreneurs.
3. Completing Your Tax Return
Completing the tax package is done using data from the company's annual accounts, prepared at the end of its fiscal year. It is strongly recommended to delegate this task to an accountant to avoid any errors that could lead to fines and penalties.
4. E-Filing the Tax Package
In 2024, e-filing the tax package is mandatory and must be done electronically. There are three available methods:
- EFI Mode (Electronic Form Exchange): Using your personal account on the tax website.
- EDI Mode (Electronic Data Interchange): Using approved accounting software.
- EDI TDFC Mode (Electronic Data Interchange for Tax and Social Data Transmission): Delegating to an approved accountant.
5. The Crucial Role of the Accountant
The accountant plays a key role in managing the tax package, both in its completion and its e-filing. Entrusting this task to an accountant ensures a complete, error-free, and timely submission.
The tax package remains an essential part of corporate tax management, requiring careful attention to ensure compliance and avoid any issues with the tax authorities. By relying on a competent accountant and using the appropriate e-filing methods, businesses can fulfill this tax obligation effectively and securely.
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