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France Clarifies Eligibility For COVID-19 Property Tax Reliefs

by Ulrika Lomas, Tax-News.com, Brussels

18 August 2020


The French Government has listed the businesses that may exceptionally benefit from a two-thirds reduction in local property tax.

In Article 11 of the Third Amending Finance Act (Act no. 2020-935 of July 30, 2020), the French Government announced that local governments could decide to grant, with state financial support, a two-thirds reduction in the Contribution Fonciere des Entreprises (CFE). CFE is a local property tax that is levied based on a business's turnover and the rental value of real estate assets.

The tax relief is being offered, at the discretion of local governments, to companies that were not in financial difficulty on December 31, 2019, but have been significantly affected by COVID-19 that are active in the tourism, hotel, catering, sport, culture, air transport, or events industries. Companies whose annual turnover is EUR150m or more are specifically excluded.

The relief is in addition to previously announced advance payment deferrals for businesses.

The French Government has now clarified the exact activities that businesses must be engaged in to be eligible to access the relief, in Decree no. 2020-979, published in the Official Gazette on August 6.

The list includes the following activities:

  • Travel agencies, tour operators, other reservation services, and related activities;
  • Cable cars and ski lifts;
  • Tourist trains and railways;
  • Transportation of passengers on rivers, canals, and lakes;
  • Coaches and tourist buses;
  • Maritime and coastal passenger transport;
  • Currency exchange offices;
  • Casinos;
  • Approved tax refund operators;
  • Saunas, steam baths, and solariums;
  • Hotels and similar accommodation;
  • Camp sites and parks for caravans or recreational vehicles;
  • Catering services;
  • Rental and leasing of recreational and sporting goods, including rental of pleasure boats;
  • Teaching of sports and leisure activities and cultural education;
  • Sports, recreation, and leisure activities;
  • Production of motion pictures, videos, and television programs;
  • Screening of audiovisual productions;
  • Performing arts;
  • Certain artisan crafts;
  • Museums, historic sites, and monuments and similar tourist attractions;
  • Botanical and zoological gardens and nature reserves;
  • Tour guides;
  • Photographic activities;
  • Air transport of passengers;
  • Fairs, trade shows and exhibitions;
  • Modeling agencies; and
  • Cross-Channel transport.

TAGS: Finance | Currency | tax | business | property tax | education | France | trade | services | Travel | Sports

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