|
This chapter is not exhaustive and is limited to broadly outline the tax consequences of the main events occurring when doing business in France. It does not constitute a tax advice or a client - attorney relationship. Materials are not suitable for tax analysis. Visitors are invited to consult a tax lawyer before taking any decision.
 When they declared their revenues as "salary income", artists are entitled to deduct professional expenses. Musicians, choreographers, lyric artist, choristers are granted a 14% standard deduction.
This standard deduction covers training expenses, medical expenses, and expenses related to musical instruments. In addition to this 14% standard deduction, musicians who have contracted a loan to purchase their instrument are allowed to deduct the whole annual interest charge.
A standard deduction of 5% is authorized for the artists (lyric artists, actors, choreographers, musicians, choristers, conductors, stage managers) to cover representation expenses, clothing expenses.. Instead of using standard deductions, artists can choose to deduct expenses for their real amount and, in that case, should keep all the related justifications.
European Court of Justice ruled that EC treaty prohibits that EU members assess the non state residents on their gross income without deduction of their professional expenses while state residents have the right to deduct these professional expenses from their gross income. This decision is of particular importance for artists and sportsmen.
|
Close
