For 2026, France intends to maintain the temporary corporate income surtax for large corporations at reduced rates, introduce a wealth tax, speed up the gradual abolition of the CVAE business tax, and revise its global minimum tax framework.

French lawmakers are set to review the Prime Minister’s proposed 2026 budget (Finance Bill), which aims to reduce public spending by over EUR 30 billion, equivalent to about 1% of the country’s GDP.

This follows after France’s parliament released the draft Finance Bill for 2026, which was submitted on 14 October 2025. The plan includes EUR 17 billion in spending cuts and EUR 14 billion in new taxes.

Wealth tax

Key measures include a new 2% wealth tax on assets held in non-business-related holding companies, projected to raise EUR 1 billion. Left-wing politicians are pushing for a broader tax on all wealth exceeding EUR 100 million, which they argue could generate EUR 15-20 billion.

Personal income tax

The personal income tax brackets will not be adjusted for inflation, adding EUR 1.9 billion to state revenue and bringing 200,000 new taxpayers into the system.

Corporate tax

Large corporations with revenues over EUR 1 billion will continue to face a surtax, though it will be reduced, yielding EUR 4 billion compared to EUR 8 billion this year.  For 2026, the surtax rates will be reduced by half, with companies generating turnover between EUR 1 billion and EUR 3 billion seeing the rate drop to 10.3% from 20.6%, while those with turnover above EUR 3 billion will face a reduced rate of 20.6%, down from 41.2%.

Global minimum tax

The implementation of the 15% global minimum corporate tax is anticipated to contribute another EUR 500 million to the government’s coffers.   The Pillar 2 global minimum tax rules will be revised to incorporate OECD administrative guidance issued in June 2024. This includes updates on deferred tax liabilities and other technical matters. Additionally, the EU’s DAC9 directive (Council Directive 2025/872) will be transposed to facilitate the exchange of information on Top-up tax returns.

Accelerated reduction of the CVAE business tax

The phased elimination of the business value-added contribution (CVAE) will be expedited:

  • The top effective CVAE rate will drop to 0.19% in 2026 (previously scheduled for 2028).
  • It will further reduce to 0.09% in 2027 (instead of 2029).
  • The tax will be abolished by 2028.
  •  Adjustments will also be made to the cap for the territorial economic contribution (CET).

Levy on small parcels

The proposed budget includes a  EUR 2 levy on small parcels, primarily targeting imports from China.