9. France

Monetary threshold for LF preparation

​ Applicable if any of the following conditions are met:

• Annual revenue or total assets of EUR 150 million or more

• Direct or indirect ownership of more than 50% of an entity meeting the above threshold

• Direct or indirect ownership by an entity that meets the above threshold

• Membership in a French tax-consolidated group that includes at least one such entity

Preparation deadline

• By the due date for filing the company’s corporate income tax return.

• If the fiscal year-end is December 31, the filing deadline is in early May.

• For other fiscal year-ends, the deadline is generally 3 months after the end of the fiscal year.

Submission deadline

• Within 30 days of a request by the tax authorities (an extension of up to 60 days may be granted).

Language

• French (A French translation may be requested if the LF is prepared in English)

Penalty

• A penalty may be imposed equal to the greater of 5% of the additional tax assessed, 0.5% of the amount of intercompany transactions, or EUR 50,000 per audited fiscal year.

  • Reference: Article L13 AB du LPF (French)

  • Reference: BOI-BIC-BASE-80-10-40 (French)