CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. France Legislates For Single, 28 Percent CIT Rate

France Legislates For Single, 28 Percent CIT Rate

by Ulrika Lomas, Tax-News.com, Brussels

27 December 2016


The French National Assembly has approved the Government's Budget for 2017.

The 2017 Finance Bill introduces a new 28 percent intermediate rate of corporate tax on annual income between EUR38,120 (USD39,670) and EUR75,000. It also affirms the Government's commitment to reduce the headline rate of corporate tax from 33.33 percent to 28 percent for all companies by 2020, thereby levying that rate on income both below and above that rate.

Currently, business income up to EUR38,120 per year is taxed at 15 percent, with the excess taxed at the headline rate of 33.33 percent.

The 2017 Finance Bill also includes around EUR1bn in personal income tax cuts, which are expected to benefit approximately five million low- and middle-income households from January 2017.

In addition, France's financial transactions tax on share trades will increase from 0.2 percent to 0.3 percent.

TAGS: Finance | tax | business | budget | corporation tax | France | trade | individual income tax | Tax | Financial Transactions Tax (FTT)

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »