France: Reduction in Standard Corporate Tax Rate

For 2019, the standard corporate tax rate in France has been reduced from 33.33% to 31%, though the 28% rate still applies on profits below EUR 500,000. Additionally, a right of revocation of the option for corporate tax has been introduced. The option to apply corporate income tax, and the new right to revoke, apply for sole proprietorships, single-member companies, and civil and professional partnerships.