Guidance: Beneficiaries of the basic exemption and the micro BIC or BNC scheme who have not opted for VAT

Taking into account the provisions of article 22 of the finance law n° 2017-1837 of December 30, 2017 for 2018 , the benefit of the simplified tax regimes for industrial and commercial profits (“micro-BIC”) and for non-commercial profits (“micro-BNC”) is no longer conditional on compliance with the thresholds for applying the exemption based on value added tax since January 1, 2018 .Commentary contained in this BOI is withdrawn effective May 24, 2023 publication. For prior commentary, please refer to previous versions of this document under the “Published Versions” tab.

Source: bofip.impots.gouv.fr

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