For the payment of the taxes collected, industrialists, importers, wholesalers, semi-wholesalers and forestry companies must:
- Keep a register of purchases and a register of sales or documents in lieu thereof;
- Make payments using counterfoil books issued by the taxation services;
- Send to the Taxation Service at the same time as their tax returns, the statement of sales per customer, except retail sales.
In order to deduct the advance payment made at the time of purchase, taxpayers shall be bound to attach to their returns the list of names of suppliers, showing the amount of purchases and that of the tax deducted at source.
The amount of tax owed by each company or council shall not be less than the tax resulting from the application of the 2% or 14% rate to the reference base as defined in Section 23 of the tax code.
This minimum tax shall be increased by 10 % as levy for additional council tax.
This amount constitutes the minimum tax rate as to regards the payment of the company tax.
Regarding taxpayers subject to the simplified tax system, however, this rate shall be increased to 5%.
The reference base for calculating the minimum tax shall represent the overall turnover for the previous financial year.
The base thus obtained shall be rounded to the nearest thousand francs.
“Overall turnover” shall mean the gross sales excluding the taxes realized on all transactions directly linked to the company’s activities.
For enterprises engaged in the regulated profit margin activities defined in section 21 of the tax code, the reference base for calculating the minimum tax shall be the gross profit margin, gratuities and commissions of any nature received.
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