France’s Ministry of Finance released the quarterly TMP (taux moyen pratiqué) rate to determine the annual market rate limit for deducting interest paid to shareholders.

French law allows corporations to deduct annual shareholder interest payments up to the average TMP rate.

For companies whose 12-month fiscal year concludes between 30 September 2024, and 30 December 2024, the annual market rate limit  is as follows:

  • Between 30 September 2024 and 30 October 2024: 5.93%
  • Between 31 October 2024 and 29 November 2024: 5.90%
  • Between 30 November 2024 and 30 December 2024: 5.87%