Altexis is an independent law firm specialized in tax advice to French and foreign companies in diverse industries and services sectors. Altexis also advises selected individuals with respect of estate management, cross border personal income tax issues, French wealth tax and French driven individual’s tax audits.
PROFESSIONAL SPORTSMEN
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.
French tax authorities published new guidelines about the tax treatment of remuneration received by professional sportsmen related to the commercialization of the collective image of their team. According to the French labour code, the total remuneration paid to professional sportsmen by the company they are working for, is split between salary and remuneration for the commercialization of the collective image of the team. This remuneration, which cannot exceed 30% of the total gross remuneration paid by the employing company to the sportsman, is not subject to payroll taxes. Within this limit, the percentage applicable to each sports discipline is made by collective agreement (Football 3 February 2005, rugby 29 March 2005).
Bonus paid by France to 2004 Olympic and Paralympic medal holders are tax exempted.
Performance bonus granted by the State to Olympic and Para Olympic medalists (Winter games of 2006 in Torino) are tax exempt.
30/03/2012 - Europe – Customs - Extension of the common transit procedure and the simplification of formalities in trade of goods to Croatia and Turkey
Following a decision of the Council of the EU, Croatia and Turkey are invited to accede to the Convention of 20 May 1987 on common transit procedure and the Convention of 20 May 1987 on the simplifica (...)
06/02/2012 - TRUST - DISCLOSURE OBLIGATIONS OF THE TRUSTEE
A very recent ruling issued by the French tax authorities on December, 23d, 2011(N° 2011/37), specified the details of the disclosure obligations by a trustee. These disclosure obligations are require (...)
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French tax authorities published new guidelines about the tax treatment of remuneration received by professional sportsmen related to the commercialization of the collective image of their team. According to the French labour code, the total remuneration paid to professional sportsmen by the company they are working for, is split between salary and remuneration for the commercialization of the collective image of the team. This remuneration, which cannot exceed 30% of the total gross remuneration paid by the employing company to the sportsman, is not subject to payroll taxes. Within this limit, the percentage applicable to each sports discipline is made by collective agreement (Football 3 February 2005, rugby 29 March 2005). 