The French Minister of Economy officially announced on 6 October 2013 that the new 1% tax on Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) will be repealed and a new temporary surtax on the corporate income tax will be submitted to Parliament.
The French Finance Bill for 2014 adopted by the Council of Ministers on 25 September 2013 proposed to implement a new 1% tax on Earnings before Interest, Tax, Depreciation and Amortization (EBITDA).
However, due to the prevailing economic environment, the government has decided to repeal this measure.
