The French Finance Law for 2024, presented on 4 October 2023, includes the introduction of a “minimum level of taxation set at 15% for the profits of groups of multinational companies with a base in France, as well as major national groups that develop their activities solely on French territory”.<\/p>\n\n\n\n
This provision transposes into French law a directive dated 12 December 2022, which has its origins in the OECD’s publication on 8 November 2019 of a “global proposal to combat tax base erosion”, commonly referred to as “GloBE” (for “Global Anti-Base Erosion”).<\/p>\n\n\n\n
This minimum tax will apply from 2026 to multinationals with consolidated sales of \u20ac750 million or more in at least two of the four financial years preceding the financial year in question.<\/p>\n\n\n\n
In practice, if a State refuses to introduce an effective minimum tax of 15% and applies a lower rate, France will tax the difference on profits located in that State. The minimum tax will be assessed on a taxable basis different from the one used for the computation of corporate income tax.<\/p>\n","protected":false},"excerpt":{"rendered":"
The French Finance Law for 2024, presented on 4 October 2023, includes the introduction of a “minimum level of taxation set at 15% for the profits of groups of multinational companies with a base in France, as well as major national groups that develop their activities solely on French territory”. This provision transposes into French […]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[106],"tags":[],"class_list":["post-15694","post","type-post","status-publish","format-standard","hentry","category-actualite"],"acf":[],"yoast_head":"\n