#2006-741Decree No. 2006-741 Concerning Accounting Obligations and Exemptions in Customs
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This decree outlines the accounting obligations for businesses regarding customs dealings in France. It specifies the need for companies to submit financial documents, appoint auditors, and follow formalities if they lose half of their equity. It also details a process for companies to apply for an exemption from these obligations and the conditions under which exemptions are revoked. Businesses need to regularly update their status and ensure compliance to maintain any exemptions.
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Key Changes
- Mandatory submission of financial documents
- Requirement to appoint auditors
- Exemption application process and conditions for revocation
Obligations
What this law requires
Submit accounting documents (documents comptables) related to the completed fiscal year in accordance with articles L. 232-21 to L. 232-23 of the French Commercial Code
Appoint one or more statutory auditors (commissaires aux comptes) in accordance with articles L. 223-35, L. 225-218, L. 226-1, and L. 227-1 of the French Commercial Code
Comply with formalities following loss of half of equity capital (capital social) as specified in articles L. 223-42, L. 225-248, L. 226-1, and L. 227-1 of the French Commercial Code
Submit a declaration to the regional customs office (recette régionale des douanes) certifying satisfaction of all conditions required to qualify for exemption from accounting obligations
Notify the regional customs office (recette régionale des douanes) immediately upon ceasing to satisfy any condition required for the exemption