Particuliers
Income tax brackets are revalued by 4.8% (art. 2).
The withholding tax rate will be individualized by default for couples subject to joint taxation, effective September 1, 2025 (art. 19).
The IR-PME reduction (income tax reduction for investment in SMEs) is strengthened: reduction from 30 to 50% for investments in SMEs allocating a substantial part of their expenses to research (art. 48).
Clarification of the tax regime in case of withdrawal of non-listed ORA[1] from a PEA-PME.ETI (art. 8).
Contribution-sale of securities: the composition of the 75% quota for private equity funds is modified (art. 24).
IFI: limitation of deductible debts from the valuation of company securities (art. 27).
The scope of application of the remuneration regime for services such as copyright, image rights, or industrial and commercial property, referred to in art. 155A of the CGI, is amended (art. 10).
Adjustment of the rules for tax relief on taxes due under the Exit-Tax (art. 11).
Companies and individuals are required to declare foreign digital asset accounts (art. 47).
Bénéfices des entreprises
Dividends from European subsidiaries with which the parent company could have formed a tax consolidation group if they were French may benefit (art. 52):
- du taux réduit à 1% de la QPFC s’ils ouvrent droit au régime mère-fille
- de la neutralisation de 99% du montant des dividendes pour la détermination du résultat imposable s’ils n’ouvrent pas droit au régime mère-fille.
Creation of a tax credit for companies making investments in production sectors for batteries, solar panels, wind turbines, or heat pumps (art. 35).
Various adjustments are made to the agricultural profits regime (capital gains exemption based on income, revaluation of certain thresholds and ceilings) (art. 94).
The rules of the micro-BIC regime applicable to furnished rentals are adjusted (art. 45).
Patrimoine
Dutreil Pact: following the rulings of the Court of Cassation in June and the Council of State in September 2023 (paving the way for the admission of exemption for furnished rental companies), the Finance Act confirms the exclusion from the scheme of activities managing one’s own assets. This exclusion does not apply to (art. 23):
- Les holdings animatrices
- Les cas d’activité patrimoniale minoritaire.
Quasi-usufruct: the restitution debt of money sums of which the deceased had reserved the usufruct is no longer admitted to the liabilities of the estate (art. 26).
International
Transfer pricing: extension of the obligation to maintain transfer pricing documentation (from €150M turnover); increase in the fine (minimum €50K); presumption of indirect transfer of profits in case of discrepancy in documentation; possibility for the tax administration to retroactively rectify and for 6 years the valuation of hard-to-value intangible assets (art. 116).
DAC 6: intermediaries subject to professional secrecy see their obligations to notify potentially aggressive cross-border arrangements limited (art. 120).
The European directive known as “Pillar 2” is transposed. This directive provides for a minimum taxation of companies at a rate of 15%. As the components of this measure are complex, we invite you to contact us for any questions on this subject.
Procédures
Tax fraud:
- Extension du champ des présomptions justifiant de procéder à des visites domiciliaires (art. 122)
- Création d’un délit de mise à disposition d’instruments de facilitation de fraude fiscale (art. 113)
- Création d’une peine complémentaire de privation temporaire du bénéfice de réductions et crédits d’impôt en cas de fraude fiscale aggravée (art. 114).
Relaxation of conditions allowing anonymity for public agents (art. 117).
In case of administrative error, moratorium interests are now systematically due (art. 126).
Autres mesures
The implementation of electronic invoicing obligations is postponed to 2026.
Various adjustments are made to the VAT basic franchise regime.
The VAT regime for para-hotel services is adjusted.
The abolition of the CVAE is postponed to 2027.
The exclusion of shares held by employees for the scope of tax consolidation is extended (art. 62).
Various measures for extension or modification of tax reductions or advantages are adopted: please consult us for more details.
In parallel:
- Entrée en vigueur de la nouvelle Convention fiscale entre la France et le Danemark le 1er janvier 2024
- Les titres souscrits en exercice de BSA ou BSPCE[2] peuvent être acquis au sein d’un PEA (CE 8.12.2023 n°482922)
- Adoption de la loi de partage de la valeur le 29 novembre 2023 (Loi 2023-1107). Cette Loi impacte les régimes existants de participation et d’intéressement, modifie les règles applicables aux plans d’épargne salariale et aux PER, assouplit les conditions d’attribution d’AGA et crée une Prime de partage de la valeur (PPV).
- Diverses précisions jurisprudentielles en matière de Managements Packages sont intervenues en 2023
- Précisions du Conseil d’État en matière de transfert de déficits en cas de fusion (CE 17.10.2023 n°464667)
- Décisions bienvenues en matière de Management fees (e.g. CE 4.10.2023 n°466887)
[1] Bonds redeemable in shares
[2] Stock warrants / founder’s share subscription warrants
