Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
France announces the Finance Bill for 2014

France announces the Finance Bill for 2014

Ratings: (0)|Views: 0 |Likes:
Published by Yvonne Smith
The French Finance Bill for 2014 was presented by Finance Minister Pierre Moscovici and Budget Minister Bernard Cazeneuve on 11 September 2013, reports Nair & Co.’s International Tax Team.
The French Finance Bill for 2014 was presented by Finance Minister Pierre Moscovici and Budget Minister Bernard Cazeneuve on 11 September 2013, reports Nair & Co.’s International Tax Team.

More info:

Categories:Types, Business/Law
Published by: Yvonne Smith on Nov 08, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/08/2013

pdf

text

original

 
 
France announces the Finance Bill for 2014
Update from Nair & Co.’s International Tax Team
 
(Bristol, UK) - The French Finance Bill for 2014 was presented by Finance Minister Pierre Moscovici and Budget
Minister Bernard Cazeneuve on 11 September 2013, reports Nair & Co.’s International Tax Team. The new bill (PLF
2014) includes tax measures targeted at increasing employment and improving the current social model in France.
The measures include several changes in the regulatory framework of corporate and individual taxation. Significant highlights include the following:
 
 
Corporate tax:
 For the purpose of the corporate income tax base, businesses would need to take into consideration operating revenue [Earnings before Interest Tax Depreciation and Amortization (EBITDA)] instead of turnover. Changes would be introduced to certain employer related contributions paid by young innovative companies JEI. The Bill offers incentives for JEIs and small- and medium-sized companies focused in the areas of robotics. It also encourages long-term investment and certain risk taking. There are also changes to the annual minimum tax applied to turnover (IFA).
 
Individual tax:
 The new provisions re-establish the cost of living index to individual income tax brackets and decrease the limit for the family coefficient.
 
Pension reform:
 The Bill includes plans to reform pension; the PLF 2014 will increase social contributions by 0.3 per cent in 2014, this will be shared between employees and employers. The above is a summary of a few of the measures included in the Finance Bill for 2014. It is recommended that French companies review the Bill carefully and prepare to make appropriate adjustments to existing processes/ systems, in order to take advantage of the new benefits and avoid non-compliance. For more information about doing business overseas or to know more about our International Tax Services team please contact us.  TAGS: Finance, tax, investment, business, value added tax (VAT), employees, retirement, budget, corporation tax, payroll, legislation, tax rates, France, tax reform, inflation, individual income tax, European Union (EU), Europe, small- to medium- business, SME, pension, EBITDA Subscribe to regular global tax compliance alerts from Nair & Co.
 
International Business Guide (IBG) is our online platform for companies wishing to optimize their multinational
 
operations and would like to have specific business information for doing business in a particular country - 
. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at 
 

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->