The competitiveness development levy, correctly scoped and declared.
FODEC levy
FODEC is a levy charged on the turnover of certain activities, at a rate of 1%. The difficulty is not the arithmetic but the scope: knowing which products fall within it, which are outside it, and how the levy sits alongside VAT.
Establishing whether you owe it
The scope of FODEC is set by a list of products and activities. A good number of businesses pay it without being liable, and others miss it when they do owe it. The first step is therefore to establish the position, product by product.
Calculating and declaring
Once the scope is settled, the levy is calculated on the taxable base for the transactions concerned and declared with the monthly return, on the same cycle as VAT and withholding tax.
- Classification of the products concerned
- Determination of the taxable base
- Inclusion in the monthly return
- Accounting treatment of the levy
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