An FEC, or “fichier des écritures comptables”, is an audit file containing information on your company’s bookkeeping.
When is it required?
In the event of a tax inspection, an FEC is a necessary requirement. The file must be provided within 15 days of being notified of the tax audit. It must be updated annually, based on the accounts from each year.
What is it?
The audit file contains 18 fields, which are in a specific order. The formal rules for establishing the accounting entries file are set out in article A47 A-1 of the French Tax Code. Your business could be subject to fines without the accurate and appropriate information. The established fine is 5,000 euros, with a possible markup of 10% of the taxpayer’s liability.
Our accounting experts can help your company to swiftly produce these FECs, to help avoid legal complications.
For more information on this topic, do not hesitate to contact us via telephone. Our team of experts will be more than happy to assist you with any queries you may have.
