Tax implications
Does migration trigger a taxable event?
The transition is an administrative change of legal entity and does not constitute a taxable event for your company. Account balances and transaction history transition as-is. Corporate tax reporting depends on which entity holds each product.
How will company earnings reporting be affected?
Your corporate tax accounting obligations remain materially unchanged. Revolut Bank S.A. will provide standard account statements and tax summaries covering interest and earnings generated after migration for your company's annual accounting.
Statements for balances held prior to the transition date will remain accessible for your fiscal year-end filings and corporate tax declarations (IS / corporate reporting).
Do we need to declare a new bank account?
Your company IBAN, account number, and BIC remain unchanged, so there is no new bank account to register with tax authorities or corporate registries.
Must we declare it as a foreign bank account?
It's not necessary to declare your account as a foreign bank account. After migration, your company account is held by Revolut Bank SA, a French credit institution supervised by the ACPR. It's a French domestic bank account and doesn't need to be declared as a foreign account in corporate filings.
If your company uses services provided by non-French Revolut entities, foreign account declaration obligations attached to your annual tax return (liasse fiscale) will continue to apply.