On 20 July 2021, the Government Officially published Law 2021-953 on amending Finance Law for 2021, which includes measures for loss carryback relief, new rules for withholding and capital gains from the disposal of shares, and the extension of other supports measures for COVID-19. According to the Law, companies will be Officially allowed to carry back, on the profits recorded for the three previous financial years and without any other cap, the deficit that may be recorded for the first financial year ended from 30 June 2020 until 30 June 2021. The cost of this measure is estimated at € 0.4 billion, which will depend on the speed of the economic recovery, considering the ability that companies would have had in any case to carry forward their deficits.
Related Posts
France, Sweden tax treaty protocol enters into force
The amending protocol to the 1990 income and capital tax treaty between France and Sweden will enter into force on 29
Read MoreFrance introduces new e-invoicing compliance rules
France has issued new legislation completing the regulatory framework for mandatory electronic invoicing ahead of the
Read More
France updates reference rate for deductible shareholder loan interest
France's tax administration has published updated administrative guidance confirming the reference interest rates used
Read MoreFrance consults revised VAT guidance for audiobook devices following Council of State ruling
France's tax authorities launched a public consultation on 29 July on a revised version of the administrative doctrine
Read More
France delays VAT code migration to CIBS until 2027
France has postponed the transfer of Value Added Tax (VAT) provisions from the General Tax Code (CGI) to the Code des
Read More
Argentina ratifies second amending protocol to income tax treaty with France
Argentina has gazetted Law 27814 on 17 July 2026, which ratifies the amending protocol to its 1979 income and capital
Read More