Hi I'm Mathilde, a french lawyer passionate about entrepreneurship and expatriation. I support expatriates in setting up and growing their business in France.
Like every year, the micro-enterprise regime undergoes a facelift, with the update of the social security contribution rates, the amount of social benefits and the threshold for «prélèvement forfaitaire libératoire».
So as not to miss anything here is a summary of these 2024 developments.
1. Turnover and VAT thresholds in 2024
The turnover and VAT thresholds remain unchanged for 2024.
1.1 TURNOVER THRESHOLD
The micro-entreprise status is only applicable until your yearly turnover reaches these amounts:
Sales (Micro-BIC) | 188.700 euros |
Service providers (Micro-BIC) | 77.700 euros |
Liberal professionals (MICRO-BNC) | 77.700 euros |
Beyond these thresholds, you will have to revaluate your status.
1.2 VAT THRESHOLD
You are exempted from collecting the VAT as long as your yearly turnover is lower than these thresholds:
Basic threshold | Increased threshold | |
Purchase/Resale | 91.900 euros | 101.000 euros |
Service providers | 36.800 euros | 39.100 euros |
Beyond these thresholds, you have to fulfil your obligations in terms of collection, declaration and payment of the VAT.
2. social security contributions
In 2024, the amount of your social security contributions is calculated based on this percentage of your turnover:
Sales of goods, sales of food on site or to take away, rental of accommodation | 12,30% |
Artisanal or commercial service provision | 21,20% |
Liberal activities covered by Social Security for retirement provision | 23,10% |
Liberal activities covered by the CIPAV for retirement provision | 23,20% |
Rental of furnished tourist accommodation | 6% |
3. income tax
3.1 FLAT RATE DEDUCTION
When calculating your income tax, the amount of your taxable income will automatically be reduced by a flat rate corresponding to your professional charges:
Sale of goods, sale of food on site or to take away, rental of accommodation | 71% |
Artisanal or commercial service provision | 50% |
Liberal activities covered by Social Security for retirement provision | 34% |
Liberal activities covered by the CIPAV for retirement provision | 34% |
Rental of furnished tourist accommodation | 30% until 15.000 euros and 51% in rural areas |
The professional income thus determined is then subject to income tax with application of a progressive scale.
3.2 the option for the «prélèvement forfaitaire libératoire»
To possibly choose the «prélèvement forfaitaire libératoire» in 2024, your taxable income must not exceed : 27.428 euros per share in the household.
If you opt for the «prélèvement forfaitaire libératoire», a percentage of your turnover will automatically be deducted from your account each month in respect of income tax :
Sale of goods, sale of food on site or to take away, rental of accommodation | 1% |
Artisanal or commercial service provision | 1,7% |
Liberal activities | 2,20% |
4. health insurance
Depending on your personal situation, here are the amounts you can get in the event of illness and maternity:
Sickness daily benefit | From 6,03 to 63,52 euros gross per day |
Maternity daily allowance | From 6,35 to 63,52 euros gross per day |
Do you need assistance in understanding how these thresholds will impact your professional and personal life in 2024 ? Tell me in comments 👇
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Hey! I'm Mathilde, a lawyer passionate about entrepreneurship and expatriation. I support expatriates in setting up and growing their business in France. Do you have any questions or concerns regarding your business? I'm here to guide you!
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