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Article R123-199 of the French Commercial code

The figures in the notes to the financial statements are, unless there is a duly justified exception, determined in accordance with the same principles and methods as those used to draw up the balance sheet and profit and loss account. They relate to all of the company’s activities regardless of where they are carried out. They are verifiable by reconciliation with supporting documents. Figures that already appear in the balance…

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Article R123-199-1 of the French Commercial code

The words “related party” and “related party transactions” have the same meaning as defined by the international accounting standards adopted by Commission Regulation (EC) No 2238/2004 of 29 December 2004, in particular the part of its Annex IAS 24 entitled “Purpose of related party disclosures”, and by any Community regulation that may amend it.

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Article D123-200 of the French Commercial code

For the application of articles L. 123-16 and L. 123-16-1: 1° In the case of micro-enterprises, the balance sheet total is set at 350,000 euros, the net turnover at 700,000 euros and the average number of employees during the financial year at 10; 2° In the case of small enterprises, the balance sheet total is set at 6,000,000 euros, the net turnover at 12,000,000 euros and the average number of…

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Article R123-203 of the French Commercial code

By way of derogation from article R. 123-174, the persons mentioned in articles L. 123-25 and L. 123-28 may record receipts and payments in their accounts using the transaction date shown on the statement sent to them by a credit institution.

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Article D123-205-1 of the French Commercial code

The book mentioned in article L. 123-28 distinguishes cash payments from other payments and indicates the references of the supporting documents. The register referred to in the same article shall show details of purchases in chronological order, distinguishing between cash payments and indicating the references of the supporting documents. Documents in electronic form may take the place of the book and register referred to in article L. 123-28; in this…

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Article R123-207 of the French Commercial code

The persons mentioned in articles L. 123-25 to L. 123-28 are exempt from providing evidence of incidental overheads where such exemption is granted for tax purposes. They may also record expenses relating to fuel consumed during business travel on a flat-rate basis, in accordance with a scale published each year by the tax authorities. .

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Article R123-208 of the French Commercial code

Notwithstanding the provisions of 1° to 5° of article R. 123-178, individuals placed by option or by operation of law under the simplified real tax regime provided for in article 302 septies A bis of the French General Tax Code may determine: 1° The inventory value of goods in stock by applying to the selling price of these goods at the balance sheet date an allowance corresponding to the margin…

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Article D123-208-01 of the French Commercial code

I.-The transactions modifying the structure of the balance sheet mentioned in article L. 123-28-1 are: 1° A significant cash inflow or outflow; 2° The allocation to or reversal of a provision for liabilities and charges. II.-The transactions modifying the structure of the balance sheet mentioned in article L. 123-28-2 include the transactions mentioned in I as well as the following transactions: 1° Capital increases and reductions; 2° Dividend distributions. III.-The…

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Article R123-208-1 of the French Commercial code

I. – The following professions remain subject to the regulations applicable to them: 1° Commercial agents mentioned in articles L. 134-1 et seq; 2° Persons carrying out the activity of press salesman and peddler mentioned in article 22 of law no. 91-1 of 3 January 1991 tending to develop employment through training in companies, aid for social and professional integration and the reorganisation of working hours, for the application of…

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