France: Finance Bill 2025 includes proposed retroactive tax increases for large corporations and individuals, updates to Pillar Two rules
The Finance Bill for 2025 was published on October 10, 2024.
The Finance Bill for 2025 was published on October 10, 2024, and includes the following tax-related measures:
- Adjustment to phase out of the contribution on companies’ added value (cotisation sur la valeur ajoutée des entreprises, or CVAE)
- Introduction of temporary surtax on corporate income tax applicable to the largest companies with significant profits
- Special contribution levied on major shipping companies
- Tax on share buy-backs
- Amendments to merger preferential corporate income tax regime
- Introduction of a minimum tax on high-income taxpayers
- Amendments to tax treatment of employee stock options
- Update of Pillar Two global anti-base erosion (GloBE) rules to align with OECD guidance
- Implementation of DAC 8 directive on cryptoassets
Read an October 2024 report prepared by the KPMG Avocats