Corporate taxes in France
The article 84 of the Finance bill for 2018 decreases the corporate tax rate on a progressive scale to reach a general rate of 25% for all companies as of 2022.
| Financial year starting on January 1 of: | Applicable rate to SME (*) | Applicable rate to other companies |
| 2018 |
Rate of 15% until 38.120€ of taxable profits.
|
Rate of 28% until 500.000 € of taxable profits
|
| 2019 |
15% until 38.120€ of taxable profits
|
28% until 500.000 € of taxable profits
|
| 2020 |
15% until 38.120€ of taxable profits
|
28% |
| 2021 |
15% until 38.120€ of taxable profits
|
26,5% |
| 2022 |
15% until 38.120€ of taxable profits
|
25% |
(*) The provisions of Article 219-Ib of the General Tax Code provides that SMEs subject to corporation tax automatically benefit from a reduced rate of corporate tax of 15% on the fraction of profits not exceeding 38 120 €.
Explanations
This scheme is reserved for companies that have a turnover of less than € 7,630,000 and whose capital, fully paid up, is held for at least 75%, directly or indirectly, by private individuals.
The Team Roche & Cie
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