Taxes Income

Differences in tax obligations

For entrepreneurs taxed according to a real tax regime, the declarations of results to be sent to the tax authorities are not the same for BICs and BNCs.

Professionals falling within the BNC category must file a declaration n ° 2035 accompanied by its tax annexes (n ° 2035-A to 2035-G),

For professionals falling under the BIC category, several situations are possible:

The declaration of results depends on the tax regime (IR or IS): this is the declaration of results n ° 2031 in case of option for companies to the IR, and of the declaration of results n ° 2065 for companies at IS,

The content of the tax package depends on the tax regime: these are appendices n ° 2033-A to 2033-G for companies with the actual simplified regime, and appendices n ° 2050 to 2059-G for companies with real normal regime.

Differences in accounting obligations

Professionals holding BNCs who are subject to the controlled declaration must keep cash accounts (recording cash movements). In addition, a diary and a register of fixed assets must be kept.

We detail these obligations here: the accounting of liberal professionals

Professionals holding BICs who are subject to a real tax regime must keep commitment accounts (recording receivables and debts) and draw up annual accounts. Also, a journal book and a ledger must be kept. However, companies with a real simplified tax regime can opt for cash accounting during the year (receivables and payables are not recognized until the end of the financial year). We detail these obligations here: the accounting of artisans, the accounting of traders.

Differences in terms of the year-end

Professionals holding BNCs are required to close their financial year on December 31 of each year; they do not have the possibility of choosing another closing date.

On the other hand, professionals taxed in the BIC category can freely choose the closing date of their financial year, for example during a period when activity is off-peak.

Companies subject to VAT are required to file declarations in which they declare all of their transactions: the VAT that has been collected and the VAT on supplier invoices for which the right to deduct is possible, then to pay the balance back to state or get a loan repayment. Use the tax calculator for the best results.

When can I exercise the right to deduct VAT?

The deduction of the VAT having charged the expenditure of goods and services must be made by the company for the month during which the right to deduct arose. VAT is recoverable from the moment it becomes payable by the supplier.

This right of deduction therefore depends on the rules of chargeability of collected VAT to which the supplier is subject.

The principle is as follows:

If the supplier declares his VAT collected from the debits, the company can recover the deductible VAT on the supplier’s invoice according to the debits. If the supplier declares his VAT collected from the receipts, the company can recover the deductible VAT on the supplier’s invoice when the invoice is paid (when the invoice is paid).