Understanding tax differences in France

When you are self-employed in France, it is essential to understand the different tax regimes that apply. Two commonly used regimes are the Industrial and Commercial Profits regime (BIC) and the Non-Commercial Profits regime (BNC). In this article, we’ll explore the key differences between these two tax regimes, to help you choose the one best suited to your situation.

1. BIC (Industrial and Commercial Profits):

The BIC regime concerns commercial, industrial and artisanal activities carried out individually or in a company. If you sell goods or services as a trader, craftsman or entrepreneur, you will generally be subject to the BIC regime. Here are some important points to remember:

2. BNC (Non-Commercial Profits):

The BNC regime concerns liberal activities carried out on an individual basis. If you are a liberal professional, such as a doctor, lawyer, consultant, or architect, you will generally be subject to the BNC regime. Here are the main features of the BNC plan:

In France, the BIC and BNC tax regimes are designed to adapt to different professional activities. It is crucial to understand the differences between these two plans to determine which is best for your situation. If you carry out a commercial, industrial or craft activity, the BIC regime is generally applicable. On the other hand, if you are a liberal professional, the BNC regime applies. It is recommended to consult an accountant or tax advisor for personalized advice based on your business and financial goals.