Responsibility Pact: €3.25m allowance on the base of the corporate social solidarity contribution (C3S)
Article 3 of the 2014 amending Social Security Financing Act creates a €3.25 million allowance on the turnover used as the base of the corporate social solidarity contribution (C3S), replacing the €760,000 liability threshold. It applies to C3S due from 1 January 2015, the first announced step towards abolishing the contribution. The allowance was raised to €19 million in 2016.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
According to the impact assessment, the number of liable companies was expected to fall from about 296,000 in 2014 to 97,650 in 2015 (−67%), with companies whose turnover is below €2m fully exempted. The revenue loss is estimated at €1bn a year from 2015.
Official references
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
Council of Ministers
Validation interne