On Jul. 9, FR Tax changed liberal practice company partners' taxation.
FR Tax informed on new tax regime for partners in liberal practice companies (SEL).
Main Points
Changes due to the Council of State's, i.e. the Supreme Administrative Court, case law.
Partners' received remuneration for their professional activity in SEL is now taxable in the category of non-commercial profits (BNC), and not in the salaries/wages category.
As a temperament, these provisions will only apply from 2025, for income received in 2024; a BNC results declaration form No 2035-SD must therefore be filed in 2025.
Those under micro-BNC regime can use the income declaration form No 2042-C-PRO.
The new tax regime will apply from Jan. 1, 2025, for income received in 2024.
Sep. 19, 2024 Questionnaire
On Sep. 19, 2024, FR Tax outlined tax regime procedure & questionnaire to be sent by partners to professional practice company (SEL) corporate tax department manager.
Partners must create a professional file in order to declare 2025 professional income.
