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France Expands COVID-19 Tourism Sector Support Scheme

by Ulrika Lomas, Tax-News.com, Brussels

31 August 2020


The French Government is extending its COVID-19 financial support package for the tourism sector to various additional business types.

Under an amendment to the Finance Bill for 2020, micro-enterprises and SMEs in the hotel, catering, cultural, events, sports, and air transport sectors were provided with social contribution exemptions, providing certain turnover-based thresholds are met.

These exemptions apply to employer contributions paid or deferred during the period from March 1 to June 30, 2020 (for employment periods from February to May) for businesses with fewer than 250 employees.

The new measures extend the scheme to the following businesses:

  • souvenir shops;
  • shops in shopping malls and airports;
  • translation services providers;
  • certain water transport services providers;
  • sports betting companies; and
  • music labels.

TAGS: Finance | business | employees | gambling | social security | France | retail | services

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