B: Tax penalties

Infringements of Article L. 221-35 of the Monetary and Financial Code are recorded in accordance with Article L. 221-36 of the same code and punishable by the fine provided for in the second paragraph of article L. 221-35 of the said code.

Without prejudice to the taxation of interest unduly exempted under 7° of Article 157, natural persons who have knowingly opened a Livret A in contravention of the provisions of the third paragraph of Article L. 221-3 of the Monetary and Financial Code are liable to a tax fine equal to 2% of the outstanding balance of the supernumerary passbook account.The fine is not recovered if its amount is less than…

Where the granting of the tax benefits provided for by articles 199 undecies A, 199 undecies B, 199 undecies C, 217 undecies, 217 duodecies, 244 quater W, 244 quater X and 244 quater Y is subject to the issue of an authorisation by the Minister responsible for the budget, under the conditions defined in these articles, any person who, in order to obtain the aforementioned tax benefits for others, has…

1. Failure by the lessee company or the company receiving the subscriptions to comply with the commitments provided for in the thirty-second paragraph of I of Article 199 undecies B, the last paragraph of I and the second paragraph of II of Article 217 undecies, the second paragraph of A and the second paragraph of 2° of B of VII of Article 244 quater Y at the end of the…

Failure to comply with the obligations mentioned in Article 242 septies will result in the payment of a fine of up to €50,000. The fine is not applicable, in the case of a first offence committed during the current calendar year and the three previous years, when the person concerned has remedied his omission, either spontaneously or within thirty days of a request from the administration.

Failure to comply with the obligation to declare mentioned in article 242 sexies entails payment of a fine equal to half the tax advantage obtained under Articles 199 undecies A, 199 undecies B, 199 undecies C, 217 undecies, 217 duodecies, 244 quater W, 244 quater X or 244 quater Y.

The submission of a statement on honour by an individual who does not meet the condition set out in the third paragraph of 1 of I of article 117 quater and the last paragraph of I of article 125 A to benefit from an exemption from the levies provided for in the same I entails the application of a fine equal to 10% of the amount of these levies that…

Failure to respond or partial response to the formal notice referred to in II of Article L. 13 BA of the Book of Tax Procedures shall result in the application, for each financial year audited, of a fine equal to 5% of the amount of income having been taxed pursuant to Article 238 of this code derived from the asset or assets concerned by the documents or supplements that have…