In Lyon, the legal and accounting professions decipher the 2023 financial law

Not the richest grape. However 2023 release of financial law is subject to certain changes compared to last year. These were explained at the headquarters on January 19 last year Auvergne-Rhône-Alpes Order of Accountants under the seal of interprofessionalism. Thus, in addition to chartered accountants, lawyers and notaries from the region were gathered with a common leitmotif: business services and advice.

Odile DubreuilPresident of the Order of Chartered Accountants Auvergne-Rhône-Alpes used this presentation to discuss.the ability of the three professions to demonstrate resilience in order to fulfill the primary mission of preventing companies”.

And lastly to add: “We are in the same boat and need to work smart; we do this in our interprofessional organization and we grow from it. We understand that in files managed together, we are stronger together and the client is stronger in their decisions.“.

Finance Act 2023: Towards the abolition of the CVAE

In terms of financial law, it continues its inflection curve business tax. “This is not very new. The rate has been steadily declining since 2019.” explainI am Bilel HakkarTax lawyer at Grenoble Arbor, Tournoud and Associates.

Indeed, in addition to reducing corporate tax (İŞ), companies will gradually be exempted from payment CVAE.

“The 2021 finance law has already halved this contribution, reducing it from 1.5% to 0.75%, creating savings of €7.2 billion for companies in France. In 2023, the CVAE will drop to 0.375% and will be zero from 2024. We remain. within the declared objective of restoring the competitiveness of companies, especially in the European landscape, the added value of French companies is the most taxed, creating distortions of competition.”

on his side, Jean-Baptiste ChelleA tax expert from Arthaud associés in Lyon insists on the practical application of the reduced corporate tax rate, referring to the company’s decision. Administrative Court of Appeal of Nantes In March 2022.

“The latter considers that when a company applying for a reduced corporate tax rate of 15% is at least 75% owned by the parent company of a tax-integrated group, the latter must meet the required turnover threshold, even if the company itself is not a member of this tax consolidation .

In other words, there is no reduced corporate tax rate for a non-consolidated company belonging to the parent company of a tax consolidation group that exceeds the turnover threshold of 10 million euros.

Taxes in Lyon: property tax will increase by 9% in 2023

Finance Act 2023, positive impact for companies to adapt

However, this tax environment needs to be favorable enough for business Jerome LopezPresident of Isère CPME. “CVAE is an unfair contribution based on turnover, not results. We know that in 2023, companies will have to face new increases in raw materials, energy costs, inflation, which will start again in January. This forces us to keep workers with certain purchasing power… “Some companies will not make money, they will have to call their reserves, but they will pay CVAE.”

Jérôme López also reminds that of the one million companies created in 2022, 600,000 will be self-employed. “These companies do not participate in the general welfare, they are not taxed. They do not contribute to the financing of the state. CVAE is paid today by companies with a turnover of more than 500 thousand euros and a well-defined head office. Therefore, it is mainly paid by SMEs, our members “.

What to remember from the 2023 finance bill

Through a window established at 1er In January by INPI, companies should simplify their clearance procedures: creation, suspension or even change of activity. However, accountants, lawyers and notaries deplore the dysfunctions inherent in this new platform.

INPI should also create a national register of companies (RNE) to centralize all existing registers: register of trade and companies (RCS), trade directory (RM) and register of agricultural assets (RAA).

The ceiling increase for the application of the corporate tax rate has been reduced to 15%. This has increased to 42,500 euros against 38,120 euros previously.

The fully programmed abolition of the contribution to the added value of companies in 2024 primarily involves a 50% reduction in CVAE in 2023. This year, the rate drops from 0.75% to 0.375%.

  • Extension of the status of a young innovative company (JEI).

The 2023 fiscal law provides for the extension of JEI status until the end of 2025. There is also a small change: it is limited to companies less than 8 years old, compared to the previous 11 years.

  • Extension of the executive training tax credit

This system has been extended until the end of 2024. However, it is not possible to renew the companies as of 2022 for micro-entrepreneurs, i.e. companies with less than 10 employees and a turnover of less than 2 million euros.

  • Tax credit for energy renovation

As of October 2020, the tax credit for energy renovation of buildings for tertiary use has been restored for the years 2023 and 2024.

  • Reduced Urssaf inspection times for companies with less than 20 employees

from 1er January 2023, the duration of Urssaf inspections is limited to three months for companies with fewer than 20 employees. This three-month period can be extended once at the express request of both parties.

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