Regulatory news

The decree and order of 27 May 2025 introduce new prevention obligations for employers. In response to increasingly frequent episodes of intense heat, the Labour Code is being amended to better protect employees. From 1 July 2025, employers will be required to assess the risks associated with heat (both indoors and outdoors) and implement concrete preventive measures. Here is a summary of the new regulations.   1. Definition of ‘extreme heat event’ An extreme heat event corresponds to the attainment...

The French Finance Act 2025 has changed the conditions under which lessors of furnished tourist accommodation (both professional and non-professional) are subject to VAT. As a reminder, anyone, whether an individual or a legal entity, who rents out furnished accommodation (i.e. accommodation that includes a list of furnishings laid down by decree) to customers who are staying for a short period, without taking up residence there, is considered to be a lessor of furnished tourist accommodation. This activity must be...

The regulation on the modernisation of financial statements applies to financial years beginning on or after 1 January 2025. 1.Implementation of ANC regulation 2022-06 a. Context The regulation on the modernisation of financial statements was published in the Official Journal on 30 December 2023. The 5 main changes are as follows: the elimination of the expense transfer technique the new definition of exceptional items changes to the chart of accounts a reduction in the number of financial statement models a...

Capital gain on sale : Until now, one of the major assets of furnished rentals resided in the calculation of the resale capital gain of the property. Indeed, unlike the other regimes, the owner of a non-professional furnished rental (LMNP) could depreciate his property and thus create a charge reducing his taxation for 20 years, based on the value of his property and furniture. And do so, without these deducted depreciations ever being taken into account in the calculation of...

Since last year, property owners have been required to file a new tax return. As a reminder, the taxe d’habitation has been abolished since 2023 for all principal residences and all taxpayers. However, it remains applicable to other premises, notably second homes and vacant premises. Against this backdrop, in order to identify which premises remain taxable, a new reporting requirement has been introduced for all property owners, both individuals and corporate entities. From now on, all owners of real estate...

Measures with a positive impact … : 1 . An inflation-linked increase of 4.8% in the tax scale and the thresholds and limits indexed to the tax scale (such as the decote and the abatement). This will potentially offer a tax cut for those whose income has not kept pace with inflation. These changes will apply to income tax payable for 2023 and subsequent years; 2. The individualized rate will become the norm for married couples or those in a...

As part of our Corporate Social ResponsibilityRUFF & ASSOCIÉS, the Côte d’Azur’s leading accounting and consulting firm, is pleased to announce that it has been awarded the bronze medal awarded by Ecovadisthe independent CSR rating organization, placing our firm among the 50% most committed companies in the ranking, and making it one of the leading certified accounting firms in the PACA region. Arnaud Ruff, Partner Chartered Accountant, in charge of the RUFF & ASSOCIÉS CSR Committeecomments: “At RUFF & ASSOCIÉS,...

The real estate wealth tax can affect both residents and non-residents: However, a “resident” or “non-resident” taxpayer may hold assets in two different ways: directly or indirectly, which means that the basis of taxable assets is determined differently. 1 – DIRECT OWNERSHIP The taxpayer holds the real estate assets in his own name, rather than through a legal entity such as an SCI. In the case of principal residences, the 30% allowance on market value applies only to direct ownership....

You’ve decided to rent out your apartment. Renting furnished premises is subject to income tax in the industrial and commercial profits (BIC) category. But which tax regime should apply to this income, and how do you choose the most advantageous? As a reminder, LMNP status applies to all types of furnished rentals, including : In the case of furnished rentals, the BIC system offers two possibilities: the micro BIC system or the actual system. Understanding these two plans is particularly...