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Regularization of bank accounts held abroad
Regularization of bank accounts held abroad
The French tax specialist law firm CM-Tax and its team of English speaking French tax advisors, based in Lyon and Marseille but operating throughout France, can assist you with the procedures related to the tax regularisation and declaration of your financial assets held abroad and related incomes to the French tax authorities.
The firm has already assisted numerous clients and has in-depth knowledge of the different steps of the tax regularisation procedure.
With its expertise, our team of English speaking tax advisors will facilitate the process for you, both with foreign banks and the French tax authorities.
So, our firm will take charge of:
- requesting the necessary documents and information from banks,
- processing the information transmitted,
- analysing the tax-related consequences (certification of income, application of international tax agreements),
- drawing up the appropriate tax returns (income, wealth and inheritance tax statements, etc.),
- calculation of taxes due as well as penalties, fines and late payment interests,
compilation of the file to be sent to the French tax authorities,
- relationships and monitoring of the procedure with the tax department in charge of your case with regard to possible requests for information,
- where applicable, negotiating and arranging a deal with the French tax authorities.
Given the potential financial implications (tax plus 80% penalties, €1,500 fine per non declared account and per year), the extended statute of limitation of ten years and the potential criminal prosecutions, this is a matter that has to taken very seriously.
CM-Tax law firm and its team of French tax experts also advises and assists the international community on all subjects relating to French tax law - tax advice and tax litigation - as well as French property law. We also assist the international community in the sale and acquisition of French real estate
.
The firm has already assisted numerous clients and has in-depth knowledge of the different steps of the tax regularisation procedure.
With its expertise, our team of English speaking tax advisors will facilitate the process for you, both with foreign banks and the French tax authorities.
So, our firm will take charge of:
- requesting the necessary documents and information from banks,
- processing the information transmitted,
- analysing the tax-related consequences (certification of income, application of international tax agreements),
- drawing up the appropriate tax returns (income, wealth and inheritance tax statements, etc.),
- calculation of taxes due as well as penalties, fines and late payment interests,
compilation of the file to be sent to the French tax authorities,
- relationships and monitoring of the procedure with the tax department in charge of your case with regard to possible requests for information,
- where applicable, negotiating and arranging a deal with the French tax authorities.
Given the potential financial implications (tax plus 80% penalties, €1,500 fine per non declared account and per year), the extended statute of limitation of ten years and the potential criminal prosecutions, this is a matter that has to taken very seriously.
CM-Tax law firm and its team of French tax experts also advises and assists the international community on all subjects relating to French tax law - tax advice and tax litigation - as well as French property law. We also assist the international community in the sale and acquisition of French real estate
.