I’ve recently moved to France to live with my husband and I am researching to find out more on opening a tax status which is auto or entrepreneur to allow me to work as a freelancer art director/designer from home. All of my clients are based outside of France - mainly UK and Singapore. I have some questions when it comes to paying tax/social contributions as micro entrepreneur as well as creating the invoices ( factures ) in France. Really appreciate any guidance from you guys
- I have done some homework on tax/social contributions but im not so sure if i have gotten the numbers correct - please advise. As a designer - im falling under the category of " Les professions libérales non réglementées" I suppose and here is just an example/estimation:
Revenu ( Turnover ): 32000 euros per year *below TVA threshold
Abatement micro BIC: 10880 euros ( 34% )
Revenu imposable: 21120 euros ( 66% )
Charges sociales: 7040 euros ( 22% of 32000 )
Impôts sur le revenu: 704 euros ( 2.2% of 32000 )
---- > Am I right to say that I will pay 7744 euros a year for total tax/social contributions? But what about the 34% of abatement micro BIC - where does this come in and what part does it play if Im paying 7744 euros ( 24.2% of 32000 total turnover anyway )? I’m confused because all the french tax calculators online do not consider abatement micro BIC.
As I said - all my clients are not based in France so all my previous invoices are in English. Do I need to start creating two versions of my future invoices - one in English (for the client) and one in French? Additionally, all the jobs are also invoiced in other currencies eg. GBP or SGD… is that fine to use other currency in a french facture?
Lastly - Sorry its my first year in France so I have absolutely no idea on any tax matters ( my husband is not a great help either )! My husband and I each will have our own different micro-enterprise tax statuses as we work as different type of freelancers. I know we’ll need to declare and pay our tax/social contributions monthly/quarterly online separately on our entrepreneur Urssaf accounts - does it mean we still have to declare income tax together as a household annually during the period around May? Exactly how many types of tax and social contributions do we need to give as a person and as a household living in France?
Sorry - please help me! I’m so confused and I have not even starting becoming a entrepreneur! lol.