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What is the annual 3% contribution on real estate?

Legal entities that own real estate in France are subject to a tax of 3% on the value of their properties. This tax on the fair market value of real estate was introduced by the 1983 Finance Law with the objective of ensuring visibility of the chains of ownership of properties by French and foreign entities, allowing the identification of shareholders and thereby verifying the proper application of the Wealth Tax (ISF), now replaced by the Real Estate Wealth Tax (IFI).

How to account for stored production?

The determination of inventory is a fundamental element in accounting for the preparation of annual accounts. From a tax point of view, a stock is a set of goods held by the company which will be used in the production process to make a profit.

Sometimes, the manager is forced to carry out the annual inventory himself.

The Commercial Code obliges every trader to make an inventory of his company at least once a year(C. com. art. L 123-12) which must be communicated to the tax department during a tax audit.