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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.
The pace of transactions on the Internet and the digital form of records render difficult the filing and production of the records requested by the tax auditor for the audit of the taxable result declared by the taxpayers. Under the French tax rules, enterprises must keep the books and records during 6 years. When prepared in digital form, they must be kept as such during the current year and the 3 next years. Beyond this period, the enterprise has the choice to keep them in digital form or in any other form.
The facts, figures and method necessary to process the books and the taxable result must also be kept during the current year and the next 3 years. The analysis, programs, software and process necessary to understand how the accounting and tax process work must be retained during the 3 following years they apply to. In our opinion it is highly recommended to keep during the same period the hardware and the software used to process the books and the tax return.
For more information Please refer to Tax audit.
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