Update on the new French reporting rules for trusts: practical consequences for Employee Benefit Trusts
7 December 2012
The new French reporting rules for trusts finally came into force on 15 September 2012. The scope of the new reporting requirements is very broad and, as things stand, employee benefit trusts (EBTs) are subject to these reporting requirements if they include French tax-resident employees within the class of beneficiaries or hold French assets (such as shares in a French company, French real estate properties, etc). The initial report has to be made no later than 30 September 2012.
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