France gazettes Finance Law 2025
France’s Finance Law 2025 has been published in the Official Gazette, introducing key measures, such as temporary taxes on high-income individuals and large corporations, revisions to the Pillar Two global minimum tax rules, and a new tax on share
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France: Lower House approves amending protocol to tax treaty with Luxembourg
The French lower house of parliament has approved the law to ratify the amending protocol to the 2018 income and capital tax treaty with Luxembourg on 13 February 2025. The protocol, signed on 7 November 2022, raises the time threshold for
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France updates interest rate caps for shareholder loan deductions for FY ending between December 24 and March 25
The French tax authority has published new interest rates for determining the deductibility of interest payments to shareholders on 12 February 2025. The fiscal year-end period and the corresponding applicable rates are as follows: Fiscal
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France: Tax Authority clarify foreign tax credit rules
The French tax authority issued a ruling addressing the availability of foreign tax credits (FTCs) in cases where foreign withholding taxes conflict with the provisions of a relevant tax treaty on 18 December 2024. Under French law, FTCs are only
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France raises financial transactions tax
France has raised the financial transactions tax rate from 0.3% to 0.4%, introduced in the French Finance Law for 2025 which was passed by parliament on 6 February 2025. The higher rate will apply to acquisitions made from the first day of the
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France approves 2025 Finance Law with new tax measures
The French Senate approved the Finance Law for 2025 on 6 February 2025, following approval by the National Assembly on 5 February. With both chambers' approval, the law is adopted, pending constitutional review. The law includes the indexation of
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French updates notification form for CbC reporting, Pillar Two global minimum tax
The French tax authorities introduced a Form n°2065-INT-SD intended for entities subject to the French Pillar Two law on 24 January 2025. The form was previously used to submit the Country-by-Country (CbC) reporting notification alongside the
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Cambodia, France hold third round of income tax treaty negotiations
Officials from Cambodia and France conducted the third round of negotiations for an income tax treaty on 2 January 2025. If an agreement is reached, signed, and ratified, it will be a first between the two nations. Earlier, Cambodian and
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France to introduce temporary surtax for large companies for one year in revised 2025 Finance Bill
It is rumoured that France’s government will keep several measures from the original 2025 Finance Bill with some amendments. Earlier, the French Parliament adopted the Special Finance Bill for 2025 (the Special Bill) on 18 December 2024, after the
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US, France announce spontaneous exchange of CbC reports for 2024-2025
The US Internal Revenue Service (IRS) in collaboration with France's competent authority, has issued a joint statement outlining plans for the spontaneous exchange of country-by-country (CbC) reports. This initiative will apply to fiscal years
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France announces 2025 companies affected by financial transactions tax on securities
France has released a list of French companies on 23 December 2024 with a market capitalisation exceeding EUR 1 billion as of 1 December 2024 for the purpose of the French financial transactions tax, imposed at a rate of 0.3% on the purchase of
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France updates guidelines on royalties declaration under DAC7
French tax authorities clarified that companies managing copyright royalties and inventor rights require companies to include the beneficiary's date of birth in declarations when the recipient is an individual residing in another EU Member State.
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France: Parliament approves Special Finance Bill for 2025
The French Parliament has approved the special budget bill proposed by the government, allowing the State to collect existing taxes and borrow funds to maintain government operations until the 2025 Finance Law and Social Security Finance Law are
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France enacts Special Budget Bill for 2025
France has approved a special budget bill on 11 December 2024, allowing the State to collect taxes and borrow funds necessary for financing essential public expenditure until the 2025 Finance and Social Security Finance Laws are implemented. This
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France gazettes Decree implementing Pillar Two global minimum tax
France has issued Decree No. 2024-1126 on 4 December 2024 in the Official Gazette, which sets out the regulations for implementing the Pillar Two global minimum tax (GloBE) rules as part of the Finance Law for 2024 (Law No. 2023-1322 of 29 December
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France: Prime Minister scraps electricity tax hike
French Prime Minister Michel Barnier announced on Thursday, 28 November 2024, that he will be abandoning plans to raise electricity taxes in his 2025 budget, responding to threats from the far-right National Rally (RN). Barnier had aimed to raise
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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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