Apple balances its dispute with the French tax authorities by paying an additional 12 million euros

The apple brand sent a second transfer to the French tax authorities, putting an end to the dispute between the two entities. 

The giant Apple has definitely repaid what he owed to the French tax authorities. According to the Express, the Cupertino firm has sent a new transfer to the public finances of France, amounting to 12 million euros, in arrears due by its French subsidiary Apple Retail. The company has thus paid nearly 600 million euros to Bercy since the beginning of the year.

Apple and the French tax authorities settle their accounts

All's well that ends well. At the beginning of the year, the American firm had agreed to pay some 576 million euros to the French tax authorities who had estimated that Apple France, the main subsidiary of the group in the territory that manages all sales and services outside the Apple Store, n had not settled taxes sufficiently high compared to the turnover achieved in France these last ten years. 

But the last three years of activity of Apple Retail (which has in its musette the management of the French shops) were also in the viewfinder of Bercy. The tax authorities recorded a transfer of approximately 12 million euros from the Cupertino company, which resolves its dispute well.

Shops are only a small part of Apple's revenue in France

If the amount seems low, it is because the retail subsidiary generates only a small part of the turnover of the brand in France (only 725 million euros in 2018), which works largely thanks to the operators' telecommunications and resellers. 

In total, and within the framework of an agreement concluded with the Direction of the national and international verifications (DVNI), Apple has paid 588 million euros to the administration since the beginning of the year , on its 2018 fiscal year, like confirm our colleagues in the Expressafter consulting financial documents filed in the Commercial Court of Paris.