Jeantet Tax Alert – Insurance and mutual health companies, march 2021
FRENCH CONTRIBUTIONS BASED ON PREMIUMS
Foreign insurance and mutual health insurance companies (European or non-European) having insured individuals residing in France. If you have within your client individuals residing in France, you may have to respect some tax obligations, and particularly for social and tax matters. Such foreign companies are subject to 2 taxes in France: The taxe de solidarité additionnelle (i.e. « TSA ») and the taxe spéciale sur les conventions d’assurance (i.e. « TSCA »). In case of multiple guarantees, a very specific analysis must be done. – 20,27% of the premiums (persons affiliated to French social security scheme) or – 14% of the premiums (persons not affiliated to French social security scheme) Daily cash sickness benefits: – 14% of the premiums (either for persons affiliated or not to the French social security scheme) – 9% of the premiums (either for persons affiliated or not to the French social security scheme) paid by individuals residing in France. *Since 2019, a special 0,8% exceptional contribution is due for 2020. For TSA, companies must file a quarterly TSA social return CTP 135, 136 (URSSAF). For TSCA, companies must file a monthly n°2787 tax return (SIE des non-résidents). Depending on your situation, a tax representative appointment can be required by French social and tax authorities: Social and tax risks: Criminal risks: Tax fraud and criminal offense Activity risks: French regulatory authorities can act against foreign companies which are not complying with their French obligations. Possibility to obtain a dismissal of the penalties in case of self-regularization.
TSA
TSCA
Health insurance:
Non-health guarantees:
Russian counter measures : recent developments (update May 3, 2022)
Today, the President signed a new order introducing certain restrictions on transactions involving sanctioned persons. The order does not provide for a list of such targeted persons – the Government is to prepare a list within ten days. Moreover, Russia proposed several legal initiatives countering introduced sanctions. Such initiatives include criminal liability for compliance with […]
Paris, Moscow
Russian counter measures. Recent developments (13 April updates)
The initial legal initiative on external administration of the foreign companies (also known as the “nationalization draft law”) has been put on hold, according to an information published on 11 April 2022 by Izvestia. 1 Three sources in the Government confirmed that, “since most of the companies only made declarations of suspension or suspended their […]
Moscow
Russian counter measures. Recent developments (7 April updates)
Russia has adopted a number of measures in response to sanctions introduced by the US, EU and other states. The measures are mainly established in the presidential and governmental decrees, as well as certain legal initiatives (please refer to Legal Alerts dated 2 March and 11 March for more information on the previously introduced measures). […]
Moscow
Sanctions against Russia, recent developments (updated 22 march)
On 22 February 2022 Russian President Vladimir Putin signed laws ratifying agreements with the Donetsk and Luhansk People’s Republics (DNR and LNR) recognizing them as independent states. On 24 February 2022 President Putin announced a “special military operation” in Ukraine. Sanctions were adopted against Russia further to these actions of Russia (please see our legal […]
Moscow
Monthly legal update – March 2022
Sommaire : The program of the evacuation of enterprises from the war zones to western Ukraine The extension of deadlines for submission of tax, financial and other reports Organization of employment relations during martial law Amendments to the tax code of Ukraine Certain issues of state registration during martial law On guaranteeing protection of the […]
Kiev
Russian counter measures. Recent developments – 03/10/2022
Russia has adopted three rounds of measures in response to sanctions introduced by the US, EU and other states. The measures are mainly established in the presidential decrees, particularly, Decree No. 95 dated 5 March 2022 “On Temporary Procedure for the Discharge of Obligations Towards Certain Foreign Creditors” (please refer to Legal Alert dated 2 […]
Moscow
Sanctions against Russia: recent development (March 2nd updates)
On 22 February 2022 Russian President Vladimir Putin signed laws ratifying agreements with the Donetsk and Luhansk People’s Republics (DNR and LNR) recognizing them as independent states. On 24 February 2022 President Putin announced a “special military operation” in Ukraine. Sanctions were adopted against Russia further to these actions of Russia (please see our legal […]
Moscow
Sanctions against Russia: recent developments (Februrary 28th updates)
On 22 February 2022 Russian President Vladimir Putin signed laws ratifying agreements with the Donetsk and Luhansk People’s Republics (DNR and LNR) recognizing them as independent states. Sanctions were adopted against Russia further to these actions of Russian President (please see our legal alert on sanctions dated 24 February 2022). Sanctions described below are a […]
Moscow
Sanctions against Russia: recent developments – 02/24/2022
On 22 February 2022 Russian President Vladimir Putin signed laws ratifying agreements with the Donetsk and Luhansk People’s Republics (DNR and LNR) recognizing them as independent states. Sanctions below were adopted before President Putin announced a “special military operation” in Ukraine on 24 February 2022. We are actively following the developments related to those issues […]
Moscow
[FLASH NEWS] Commercial leases: when is an exclusively upward indexation clause divisible?
By a decision of January 12, 2022 n°21-11.169, the 3rd civil chamber of the Court of Cassation consolidates its jurisprudence on indexation clauses deemed not written. The Supreme Court thus considers that the mention of the determining and essential character of the indexation clause in the lessor’s consent is not sufficient to pronounce its indivisibility. […]
Paris | REAL ESTATE
Flash Info : the French High Committee for Corporate Governance has published its eighth annual report, 22/11/2021
The High Committee for Corporate Governance (“HCGE”) published on 10 November 2021 its eighth annual report (the “Report”). The mission of the HCGE is to monitor compliance with the principal French Corporate Governance Code, the Afep-Medef Code of Corporate Governance for Listed Companies (the “Code”), by those companies whose shares are listed on a regulated […]
Paris | CORPORATE LAW AND GOVERNANCE
Moscow Newsletter – June 2021
1 – Fines for Breach of Laws on Personal Data and Sovereign RuNet to be Increased 2 – General Meetings of Shareholders by Absentee Voting Authorized through 2021 3 – New Rules for Highly Qualified Foreign Employees 4 – New Rules for Foreign Branches and Representative Offices 5 – New Rules for Online Meetings Proposed […]
Moscou