[PDF] france corporate income tax rate 2018

Direct Taxation

Corporate tax (IS)is an annual tax on the profits generated in France by companies and other organisations. The tax rate is gradually being lowered to 25% by 2022 as per the Finance Act of 2018. Some companies not subject to corporate income tax (mainly sole proprietorships or professional non-trading companies) are liable to personal income tax (I...

Taxes on Consumption

Value Added Tax (VAT) is a tax on consumption that the consumer pays when purchasing a product or service. The standard rate is 20% and there are two reduced rates (10% and 5.5%) for certain products and services. A special rate of 2.1% is applied to press publications and medicines reimbursed by social security. Since October 15, 2020, COVID-2019 ...

Local Taxation

The Government collects local taxes on behalf of local authorities. They partly define the rate, but cannot vary it beyond legal limits. Property tax on developed land is levied annually on developed land located in France except where there is a right to permanent exemption (public property, agricultural buildings, etc.) or temporary exemption (ne...

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How high is France's corporate tax rate?

Taking into account central and subcentral taxes, Portugal has the highest statutory corporate income tax rate among European OECD countries, at 31.5 percent. Germany and France follow, at 29.9 percent and 28.4 percent, respectively. Hungary (9 percent), Ireland (12.5 percent), and Lithuania (15 percent) have the lowest corporate income tax rates.

What is the penalty for late payment of taxes in France?

The CET French corporate tax is payable in December of each year or can be arranged in two installments. If you file your corporate tax return late, you’ll be charged interest at 0.4% per month and a penalty of at least 10%. A 0.4% interest rate and penalty of at least 5% apply for late payments.

How often are tax payments due in France?

Companies have to file a French tax return within three months of the close of accounts or by 30 April. French corporate tax is payable quarterly on 15 March, 15 June, 15 September, and 15 December.

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Corporate Tax Rates 2014-2018* International Tax - Deloitte US

France 33 33 33 33 33 33 33 33 33 33 Gabon 30 30 30 30 30 Gambia - 31 31 30 27 Georgia 15 15 15 15 15 Germany 15 15 15 15 15 Ghana 25 25 25 25 25 Gibraltar 10 10 10 10 10