Earnings limit to benefit from French ‘micro’ rules?

Could you clarify the limit that I may now earn as a micro-entrepreneur? I have been affiliated for 10 years and am registered as a “consultant” advising clients on their property renovations and repairs.  C.A.

26 June 2019
By Hugh MacDonald

The threshold for income under the micro-entrepreneur system for rendering services is €70,000.

Note that you must apply VAT if your income exceeds €32,200.

The threshold benefits from tolerance levels.

If income in a given year exceeds the threshold and this is the first occurrence in a two-year period, then the following year the trader is allowed to continue as a micro-entrepreneur.

If you go over the threshold again the year after that, then you must change regime and declare under the réel tax system, with more complex accounting.

Reader's query answered by Hugh MacDonald

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The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case. No liability is accepted in respect of these articles. These articles are intended only as a general guide. Nothing herein constitutes actual financial advice

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