The French Tax Authorities have just published their comments on the procedural tax deadlines following the end of the health emergency state on 10 July 2020 (BOI- DJC-COVID19-10 of 24/06/2020, relating to Order n°2020- 560 of 13 May 2020 which modified the derogatory deadlines and adapted the tax procedures applicable, following Order n°2020-306 of 25 March 2020).
As a result of the Covid-19 crisis, payment of bills may have become difficult. This is a major issue for any company. “cash is king”
In addition to cash flow problems, the crisis has also made the time factor particularly acute: a trading partner’s situation can change rapidly, and the risk of insolvency has increased.
On May 22, 2020, the Paris Commercial Court ordered the insurance company AXA to compensate a restaurant owner for “operating losses resulting from the administrative closure” of his establishment.
Covid-19: New obligation to update your Single Assessment Document for Occupational Risks, called “document unique d’évaluation des risques professionnels” or “DUERP”!
What to do if a business partner presents a risk of insolvency? What to do in the event of a payment default by your debtor? What if this happens to a partner in Germany? How to anticipate?
Please find our summary in French and German law in our Newsletter (Situation in France / Situation in Germany).
In order to help companies overcome the difficulties they are encountering in the context of the exceptional restrictions applied to curb the spread of the epidemic, many measures have been taken. The tax support measures are unprecedented in scale. Like the other measures, they are subject to change and clarification at any time.
An amending finance bill for 2020 has just been adopted.
Since the beginning of the Coronavirus epidemic, the President of the French Republic and his Government have expressed their views on several occasions on the partial activity mechanism. In order to address the difficulties encountered by companies, measures to strengthen and simplify the partial activity scheme have been announced.
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Our staff can be contacted at any time via the ordinary e-mail addresses known to you.
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