The Organisation for Economic Co-operation and Development published a proposal to ensure large multinational enterprises, including digital companies, pay tax where they have significant consumer-facing activities and generate profits. The OECD is seeking public comments on the proposal until 12 November 2019.
France’s 2019 Finance Act has been legislated.
New measures were introduced regarding France's so-called Exit Tax.
Effective January 1, 2019, France will impose a tax on highly digitalized enterprises.
France's standard corporate tax rate has been reduced from 33.33 percent to 31 percent.
A law introduced in October 2018 updated and strengthened France’s rules regarding Controlled Foreign Companies (CFCs).
France has introduced a tax on large multinational technology companies, known as the “GAFA tax."
France has introduced new measures to combat tax fraud. These measures include the right to “name and shame” any company that fraudulently avoids more than 50,000 euros of tax and fine peer-to-peer platforms that don’t inform users of their tax obligations between 10,000 and 50,000 euros.
France has adopted a list of tax measures to stimulate business and job growth.
Amendments and guidelines were recently published regarding the two new corporate income tax surtaxes for large companies.
On May 7, 2017, France elected a new president, Emmanuel Macron.
The French tax authorities have announced that the deadline for payment of corporate income tax has been extended to May 15.