France
At a glance
| Corporate Income Tax Rate | 33,33 % [for SME, 15% < € 38.120,-] |
|
Tax rate applied on capital gains by corporations |
|
| on stakes in subsidiaries | 3,33 % (when hold for less than 2 years) |
| 4.00% (when hold 2 years or more) | |
| on dividends from subsidiaries | 1,67% (dividend received deduction of 95%) |
| on intellectual property (patent)* | 15% |
| on others | 33,33% |
| *Conditions apply | |
| Other taxes (e.g. local or state tax) levied on corporate profits? |
Business Tax (includes CVAE : 1,5 % of value-added produced by the company - CFE : settled by local authority) |
| Withholding taxes (standard rates) / Retenue à la source | |
| on dividends | 21%-30%* (75% for non-cooperative countries) |
| on salary | 0 % - 12 % - 20 % |
| on interest | 0 % - (75 % for non-cooperative countries) |
| on royalties (droits d'auteur, etc…) | 33,33 %* - (75 % for non-cooperative countries) |
| *Rates applicable when DTT does not provide for a lower rate | |
| Loss carry back period | 1 year - limited to € 1M |
| Loss carry forward period |
unlimited in time - |
|
limited to € 1M + (50% of the result - 1M) |
|
| VAT | 2,1% - 5,5% - 10% - 20% |
| Wealth tax / Impôt de solidarité sur la fortune - Tax treshold - Professional assets exempted |
€ 0.80M <0,50% of the total estate if > € 1,3M |
|
€ 1.30M <0,70% of the total estate if > € 2.57M |
|
|
€ 2.57M <1.00% of the total estate if > € 5M |
|
|
€ 5.00M <1.25% of the total estate if > € 10M |
|
|
1.50% of the total estate if > € 10M |
|
| Income tax / Impôt sur le revenu - Bracket tax [ 14% - 30% - 41% - 45%] - Significant rebates for couples and children |
From 0% < € 9.690 |
|
Up to 45% > € 151.946 |
|
| Additional tax on high income |
0% < 250.000 € |
|
250.000 € < 3% < 500.000 (0% for couples) |
|
|
4% > 500.000 € (for couples 3% up to 1.000.000 and 4% beyond) |
Introduction
France, officially the French Republic (French: République française), is a state in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France extends from the Mediterranean Sea to the English Channel and the North Sea, and from the Rhine to the Atlantic Ocean. It is often referred to as L’Hexagone ("The Hexagon") because of the geometric shape of its territory. It is bordered (clockwise starting from the northeast) by Belgium, Luxembourg, Germany, Switzerland, Italy and Monaco; with Spain and Andorra to the south. France is linked to the United Kingdom by the Channel Tunnel, which passes underneath the English Channel. France is a founding member state of the European Union and is the largest one by area. The country has been a major power for several centuries with strong cultural, economic, military and political influence in Europe and in the world. France is a unitary semi-presidential republic with its main ideals expressed in the Declaration of the Rights of Man and of the Citizen. It is a founding member of the United Nations, and a member of the Francophonie, the G8, G20, NATO, OECD, WTO, and the Latin Union. (Source: Wikipedia)
Publications
