Search icone
Search and publish your papers
Our Guarantee
We guarantee quality.
Find out more!

The concept of old tax established in France: Professional Tax

Or download with : a doc exchange

About the author

 
Level
General public

About the document

Acepublisher .
Published date
Language
documents in English
Format
Word
Type
case study
Pages
2 pages
Level
General public
Accessed
0 times
Validated by
Committee Oboolo.com
0 Comment
Rate this document
  1. Introduction
  2. Definition of professional tax
  3. Origin
  4. Scope of the TP
  5. Exemptions to right
  6. Subject to the vote of the local authority concerned exemptions
  7. Conclusion

Business tax (TP) is one of four local direct taxes levied by local authorities. It is due every year by natural or legal persons performing in France, as usual, a self-employed activity. Various exemptions may be full or temporary. She used to finance the budget of municipalities, EPCI (communities of municipalities, cities or urban), departments and regions, as well as other organizations, such as chambers of commerce and industry or professional chambers. In 2007, TP raised just over 22 billion Euros. It is an essential part of the resources of local authorities (30 to 50% depending on the community). Tax due in each municipality where the taxpayer has premises or land.

TP is based on the rental value of tangible assets. It may be of Assets subject to property tax (built or inbuilt) as premises or land, but also of other property (equipment, chattels ). Since 1 January 2003, the payroll is excluded from the calculation of the base of the business tax: the former calculation submitting 18% of wages paid to the business tax was job-killing effect.

This tax base is subject to a general reduction of 16 % and any special discounts. This base is multiplied by the sum of the rates set by the different communities. The rate varies greatly depending on the location of the company. However, if the turnover exceeds € 7,600,000, a minimum fee is due (1.5 % of the added value produced).

Top sold for business strategy

Carlton Polish Co.

 Business & market   |  Business strategy   |  Market study   |  11/18/2011   |   .pdf   |   9 pages

Does competition affect social preferences in the context of a bargaining game? Discuss

 Business & market   |  Business strategy   |  Case study   |  05/21/2012   |   .doc   |   3 pages

Most rated for business strategy

Bank of America

 Business & market   |  Business strategy   |  Presentation   |  07/07/2008   |   .doc   |   17 pages

Benchmarking Vestas against Gamesa wind turbines

 Business & market   |  Business strategy   |  Case study   |  11/15/2012   |   .doc   |   8 pages