Categories
General

The micro-BIC diet

In the event that the thresholds of the simplified tax regime are exceeded, it remains applicable for establishing the tax due for the first year following that during which the turnover limits provided for this regime are exceeded, unless the turnover for the year exceeds the following thresholds :

901,000 euros for the activities of purchase-resale, sale to be consumed on site and supply of housing,

€ 279,000 for service provision activities.

However, it is always possible, as an option, to opt for the “higher” regime:

a company falling under the micro-BIC regime can opt for the simplified real scheme or the normal real scheme,

and a company falling under the simplified real regime can opt for the normal real regime.

The micro-BIC diet

This is an ultra-simplified tax system under which taxation is carried out on the basis of a profit calculated at a flat rate by applying a reduction of 71% on turnover (or 50% for service activities under the BIC). The entrepreneur is exempt from drawing up a balance sheet and an income statement , as well as a tax return.

The turnover must be reported on declaration n ° 2042 C PRO.

We present this plan in detail in this file: the micro-BIC plan

The real simplified tax regime for BICs

Under this tax regime, the company’s profit is calculated in a real way (turnover – deductible expenses). Accounting and tax obligations must be respected, in particular at the tax level:

transfer the profit to declaration n ° 2042 C PRO,

make a BIC result declaration n ° 2031,

and complete a tax return (tables 2033-A to 2033-G).

We present this regime in detail in this file: the real simplified tax regime

The actual normal tax regime for BICs

As with the simplified real regime, the profit is calculated in a real way for companies under the normal real tax regime. On the other hand, more important accounting and tax obligations will have to be respected. It is particularly suitable for tax purposes:

transfer the profit to declaration n ° 2042 C PRO,

make a BIC result declaration n ° 2031,

and make a tax return (tables 2050 to 2059-G).

We present this regime in detail in this file: the actual normal tax regime

For more information on accounting obligations:

The accounting obligations of artisans

Accounting obligations of traders

What VAT regime for BIC holders?

BIC companies can come under one of the following three VAT regimes:

the deductible based on VAT,

the simplified VAT tax regime,

the actual normal VAT tax regime.

The VAT-based franchise regime

The  VAT-based franchise regime  allows the company not to be subject to tax (VAT is not invoiced to customers but it is not recovered on purchases).

Companies falling under this regime can opt for VAT taxation under the simplified regime or the actual normal regime. Where applicable, this option has no impact on the micro-BIC regime, which is maintained despite the option for the payment of VAT.

The real simplified VAT tax regime

The  simplified VAT tax regime  consists of declaring the tax annually and paying two semi-annual VAT installments in July and December. The business charges VAT to customers and can reclaim VAT paid on expenses, provided the right of deduction can be exercised.

A company with the real simplified VAT tax regime can opt for the real normal VAT regime. In this case, it is the mini-real VAT  regime (how much the real regime simplified in terms of profits with the real normal regime in terms of VAT).

The actual normal VAT tax regime

The actual normal VAT tax regime consists of declaring the tax monthly, or quarterly when the VAT payable over the year does not exceed 4,000 euros. The business charges VAT to customers and can recover VAT paid on expenses, provided the right of deduction can be exercised.