The French Constitutional Court finalized the “exceptional surcharges” to levy on corporate income of the French largest companies. This exceptional surcharges apply to French companies or branches that are subject to corporate tax, and have gross revenue exceeding €1 billion. The surcharge rate will be 15% for the companies with gross revenue exceeding €1 billion. The companies with gross revenue exceeding €3 billion will have to pay an “additional contribution” equal to 15%., i.e., these taxpayers will be subject to a total surcharge of 30% of their gross corporate tax liability. This rule for exceptional surcharge applies on the corporate income tax for the financial year closed between 31 December 2017 and 30 December 2018.
«
Previous post
United States: ADD/CVD Roundup for December 2017
United States: ADD/CVD Roundup for December 2017
Related Posts
France: Tax Authorities issue ruling clarifying withholding tax on dividend arbitrage
April 28, 2025
France’s tax authorities issued Ruling No. BOI-RES-RPPM-000203 on 17 April 2025, clarifying domestic withholding tax rules on dividend arbitrage. The ruling, following amendments in the 2025 Finance Law, introduces a beneficial ownership
Read More
France: Tax Authority issues guidance on new capital reduction tax for share buybacks
April 17, 2025
The French Tax Authority issued guidance on the declaration and payment procedures for the new tax on capital reductions involving share buybacks by certain companies on 11 April 2025. The tax must be reported and paid alongside the taxpayer’s
Read More France: Senate approves protocol to tax treaty with Switzerland
April 10, 2025
The French upper house of Parliament (Senate) approved a new law on 3 April 2025 to ratify a protocol that will update the existing tax treaty between France and Switzerland. This protocol, which was signed on 27 June 2023, is the fifth amendment
Read More France publishes Q1 2025 floating rate for shareholder loans
April 08, 2025
France’s Official Journal published the Q1 2025 average floating rate for bank loans with maturities over two years, set at 4.92% on 28 March 2025. This rate is used to determine the maximum deductible interest rate on loans from direct
Read More
Peru advances tax treaty talks with Australia, France, Saudi Arabia, Singapore, UAE
March 25, 2025
The Peruvian Ministry of Economy and Finance announced that it is working to finalise tax treaty negotiations with Australia, France, Saudi Arabia, Singapore, and UAE on 20 March 2025. Peru has signed 10 agreements that provide a secure and
Read More France introduces reforms to UCITS legal framework
March 18, 2025
The French government has issued Ordinance No. 2025-230 on 12 March 2025, introducing reforms to the legal framework for UCITS (Organismes de placement collectif, OPC). The measure aims to modernise and simplify regulations governing these
Read More