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Case studies

Case study

THE AGE OF REASON

An international short-term rental platform complies with French article 242 bis of the French Tax Code

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  • Client was informed of the entry into force of article 242 bis of the French Tax Code (duty of information of platforms and necessity to obtain a compliance certificate) and needed assistance in order to comply with this new rule.
  • Parallel intervened to conduct the audit and compliance work, a key mandate in the perspective of the automatization of platform revenue declarations in 2019.
  • Parallel prepared a roadmap for the Client, containing an analysis of the new rules, a description of its methodology and a calendar for the mission.
  • On the basis of the documents received from the Client, the Parallel team conducted a gap analysis in order to identify the points that needed adaptation.
  • After having verified that the Client built the recommendations into his product, Parallel Avocats issued the compliance certificate mentioned in article 242 bis of the French Tax Code.
  • Attention to legal issues: after this successful compliance process, Client was able to accelerate his development and reassure the board of directors.
  • Compliance: Client complied with the latest rules and regulations, thus strengthening his position in the discussions he regularly conducts with French institutions.
  • Informed users: the presence of complete, clear and understandable information in the Client’s product as well as the issuance of revenue summaries fostered user confidence and trust.