The micro-enterprise scheme is only open to enterprises which do not cross certain annual revenue thresholds. Companies which exceed these thresholds for two consecutive calendar years cannot benefit from the micro-enterprise regime and therefore come under a real tax regime (real simplified regime or real normal regime).
For the years 2020, 2021 and 2022, the revenue thresholds for the micro-enterprise scheme are set at:
- 176,200 euros for the sale of goods, objects, supplies and food to take away or to consume on site, or the provision of accommodation (hotels, guest rooms, furnished tourist accommodation),
- 72,500 euros for other service provision activities relating to industrial and commercial profits (BIC) and liberal professionals relating to non-commercial profits (BNC).
If the company carries out several activities, the rules are as follows:
In the case of mixed activities, the total amount of income must not exceed the limit of 176,200 euros, and the amount of income relating to the provision of services must not exceed the limit of 72,500 euros.
In the case of separate activities, the rule applicable in the case of mixed activities applies if the activities fall under different thresholds (sales activity and service provision activity, for example). If the activities fall under the same thresholds (two distinct service provision activities, for example), the limits applicable to the activities are assessed in relation to the company’s overall turnover. The use of the tax refund estimate is important now.
The option for the micro-enterprise scheme
As long as the conditions are met to be able to benefit from it, it is possible to opt for the micro-enterprise regime.
The option for the micro-enterprise regime is made directly on the declaration of creation of the enterprise. This is the P0 form for sole proprietorships and EIRLs, or the M0 form for EURLs.
The operation of the micro-enterprise regime
The creation of a micro-enterprise
The micro-enterprise is not a legal status but a tax system of taxation. The creation formalities therefore depend on the legal status of the company, which can be a sole proprietorship, an EIRL or a EURL when one wishes to benefit from the micro-enterprise regime.
For more information on the creation formalities:
- the steps to create a sole proprietorship
- the steps to create a EURL
New micro-entrepreneurs are required to register. In case of registration in the trades directory, the pre-installation internship is compulsory. A bank account dedicated to professional activity must be opened.
Accounting obligations in the micro-enterprise regime
Under the micro-enterprise regime, the entrepreneur is no longer obliged to keep accounts and produce annual accounts. You just have to:
- keep a recipe book,
- and, in some cases, keep a record of purchases.
The recipe book contains all of the day-to-day recipes in detail, supported by invoices or any other supporting documents.