Switzerland enacts new tax treaty amendment with France
On 25 June 2024, Switzerland’s tax authorities published “Federal Decree No. 1461/2024 of 14 June 2024” in the Official Gazette. This decree sets a referendum deadline of 3 October 2024 for the approval of the Additional Agreement, signed on
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France approves pending tax treaty protocol with Switzerland
The French Council of Ministers approved the pending protocol with Switzerland, amending the 1966 income and capital tax treaty, on 26 June 2024. Previously, the Swiss Council of States (the upper house of parliament) announced that it ratified
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Finland approves new tax treaty with France
Finland’s President Alexander Stubb ratified the new income tax treaty with France by signing it into law on 28 June, 2024. This treaty, which was signed on 4 April 2023, will replace the existing 1970 tax agreement between the two nations. The
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France confirms suspension of tax treaty with Russia
France issued a notice in Official Journal No. 0147 on Sunday, 23 June 2024, regarding the partial suspension by the Russian Federation of the convention between France and Russia. This notice confirms the suspension of treaty provisions, effective
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Switzerland parliament ratifies tax treaty protocol with France
The Swiss Council of States (the upper house of parliament) announced that it ratified the pending protocol to the 1966 income and capital tax treaty with France on 30 May, 2024. The Switzerland-France protocol was first signed on 27 June, 2023,
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France ends tax treaties with Burkina Faso, Mali, Niger
The French National Assembly recently confirmed that tax treaties with Burkina Faso, Mali, and Niger have ceased to apply. The 1965 treaty with Burkina Faso ended in France on 8 November, 2023, aligning with its termination in Burkina
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Cambodia and France conduct second phase of tax treaty talks
Cambodian and French officials recently held a second round of negotiations for an income tax treaty from 23–25 April, 2024. If an agreement is finalised, signed, and ratified, it will be a first between the two
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Scholz and Macron call for urgent EU reforms to boost competitiveness
German Chancellor Olaf Scholz and French President Emmanuel Macron, in a joint Financial Times op-ed, urged the European Union to undertake reforms to enhance competitiveness and secure its way of life. They emphasised the need for decarbonising
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G7 finance ministers pledge for a fairer global tax system
The G7 Finance Ministers and central bank governors held a meeting from 23–25 May, 2024, at Stresa, Italy, during which they issued a Communiqué reaffirming their commitment to creating a more stable and equitable international tax system. The
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France: Tax Authority updates interest deduction rates for shareholder loans
The French tax authority has updated the interest rates used to define the deductibility of interest payments made to shareholders. These updates are pertinent to companies with fiscal years ending between 31 December, 2023, and 29 June,
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France publishes updated list of participating and reportable jurisdictions for CRS purposes
On 28 March 2024, France's Official Journal No. 0074 published the Order of 15 March 2024, which provides a comprehensive and current list of participating and reportable jurisdictions for Common Reporting Standard (CRS) purposes. Common Reporting
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France: Tax authorities publish individual income tax return deadlines for 2024
The French tax authorities released the schedule for submitting the individual tax returns for 2024 in respect of the 2023 tax year. The online tax filing service became accessible through impots.gouv.fr starting 11 April 2024, with filing deadlines
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France publishes 2024 Q1 floating rate for shareholder loans
On 28 March 2024, the Official Journal of France released the inaugural quarterly average floating rate for bank loans and credit facilities exceeding two years in maturity for 2024. This rate is utilized in determining the yearly maximum interest
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France updates non-cooperative states and territories list
The French General Tax Code's list of non-cooperative States and territories (NCSTs) was updated via Decree on 16 February 2024 and published in the Official Journal on 17 February 2024. The list includes the following 16 states and territories:
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France extends DAC7 reporting deadline
The execution of EU Directive 2021/514 (DAC7), which mandates the automatic exchange of income information from digital platforms, is facing hurdles and technical issues in various member states. DAC7 establishes 31 January 2024 as the deadline for
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France enacts 2024 finance law with global minimum tax rules
On 30 December 2023, France released its Finance Law for 2024 (Law no. 2023-1322) in the Official Gazette, along with the Constitutional Court's review, affirming the constitutionality of key tax measures. A major highlight is the implementation of
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Cyprus and France sign the DTA to strengthen economic ties
On 11 December 2023, the Convention for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance, and its Protocol between the Republic of Cyprus and the French Republic, was signed in
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France: Tax authority updates transfer pricing guidelines for SMEs
On 22 November 2023, the French tax authority published an updated transfer pricing guide for small and medium-sized enterprises (SMEs). The guide covers a wide range of topics, including the concept of transfer pricing, the arm's length principle,
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