France clarifies tax treaty suspension with Russia
The French General Directorate of Public Finances published a guidance, on 23 October 2024, for the application of the France and Russia income tax treaty following the suspension of several provisions of the agreement. Despite the suspension,
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France proposes digital services tax rate increase
France’s National Assembly members have proposed on 17 October 2024 to increase the digital services tax rate from the current 3% to 5% in the Finance Bill 2025. The proposed digital services tax rate increase is expected to generate EUR 500
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France: Finance Committee approves amendment on tax residency for citizens residing abroad
The Finance Committee of the French National Assembly has approved an amendment to the 2025 Finance Bill that changes tax residency rules for individuals. This amendment introduces a "targeted universal tax" mechanism for French citizens who move
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France activates MFN clause in tax treaty with Latvia
The French tax authority issued a notice on 16 October 2014, regarding the implementation of the most favoured nation (MFN) clause in the 1997 tax treaty with Latvia. This convention, signed in Paris on 14 April 1997, includes a most-favoured
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France to facilitate extensive adoption of electronic invoicing
The French government has announced plans to facilitate the extensive adoption of electronic invoicing on 15 October 2024. The initiative is expected to improve payment timelines and streamline invoicing processes while simplifying interactions with
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France sets new interest rates for shareholder interest deductibility
France has published interest rates for entities whose financial year (FY) ended between 30 September and 30 December 2024, which are used to determine the deductibility of interest payments to shareholders. The applicable rates from 30 September
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France: Finance Bill 2025 proposes new corporate and personal income tax regime
The French government presented the Finance Bill 2025 during a press conference in Paris on Thursday, 10 October 2024, with the goal of reducing the deficit from 6.1% of GDP this year to 5% next year. To achieve this, the government plans to
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France sets interest deductibility rate limit for shareholder payments
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
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France: Prime Minister proposes increased taxation on large corporations
France's Prime Minister, Michel Barnier, has proposed several tax measures aimed at reducing the national debt as part of his draft budget, which include a temporary tax on large corporate profits and a new tax on share buybacks, according to Le
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France clarifies suspension, termination of tax treaty with Niger
The French General Directorate of Public Finance has published guidance on the termination of the 1995 tax treaty with Niger. According to the guidance, the treaty no longer applies to income acquired on or after June 5 June 2024. The treaty
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France details suspension and termination of tax treaty with Mali
The French General Directorate of Public Finance has provided guidance on the termination of the 1972 tax treaty with Mali. The treaty with Mali, signed on 22 September 1972 in Paris and effective from 1974, will be deemed terminated by France
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France issues guidance on termination of tax treaty with Burkina Faso
The French General Directorate of Public Finance has released guidance on the termination of the 1965 tax treaty with Burkina Faso. The tax treaty between Burkina Faso and France, established in the post-colonial period, aimed to clarify the tax
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France releases updated VAT representative appointment template
The French tax authorities have released a revised letter BOI-LETTRE-000082 template for appointing VAT representatives on 7 August, 2024. This letter is used for appointing a VAT representative in France. The document, which should be on
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France partially suspends tax treaty with Belarus
France issued a notice in the Official Gazette regarding the partial suspension of the 1985 tax treaty between France and the former Soviet Union, as it pertains to relations between Belarus and France on 8 August 2024. The Ministry of Taxes and
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France limits access to beneficial ownership register
The French government, in a release, on 29 July 2024, announced that it will restrict public access to the beneficial ownership register to only individuals with a legitimate interest. This change went into force on 31 July, 2024. This follows
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IMF Report Comments on France’s Economy
On 27 June 2024, the IMF issued a report following the conclusion of consultations with France under Article IV of the IMF’s articles of agreement. Despite a slowdown in the economic recovery in 2023, the French economy has remained relatively
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France publishes interest rate caps on shareholder loan deductions for FY ending June-September 2024
France, on 29 June 2024, has published in its Official Journal the second quarter 2024 interest rates for companies whose fiscal year (FY) ends between 30 June and 29 September, 2024. The interest rates are used to calculate the deductibility of
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Belarus clarifies tax treaty application with France
The Ministry of Taxes and Duties of Belarus issued a clarification on the application of the tax treaty to the 1985 Belarus-France income tax treaty on 28 June, 2024. France has announced that it will suspend articles 7 (dividends), 8 (interest),
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