viernes, 14 de octubre de 2016

France's Budget bill for 2017 released

The 2017 budget bill (the final one of François Hollande’s presidential term) released by the French government on 28 September 2016 contains no major changes to the tax system, but there are several measures that could benefit businesses, stimulate the hiring of employees and benefit the economy in general. The main proposals are the introduction of a pay-as-you earn (PAYE) system for personal income tax purposes, a progressive decrease in the corporate tax rate, an increase in the rate of the competitiveness and employment tax credit (CICE), an expansion of a tax benefit for certain “impatriates” and changes to the requirements to make advance payments of corporate income tax.

Parliament will begin discussing the budget bill in mid-October. 

Source & more info: Deloitte

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