Higher final corporate tax instalment for large companies
The final corporate tax instalment of companies with turnover above €250m is calculated on a higher share of the year's estimated profit: 80% (instead of 75%) for turnover between €250m and €1bn, 90% (instead of 85%) between €1bn and €5bn, 98% (instead of 95%) above €5bn.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Cash-flow measure: large companies pay a larger share of their tax in the year the profit is made, bringing forward State revenue without changing the tax finally due.
Official references
Sources
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
Possible referral to Constitutional Council
Décision de conformité / censure partielle
President of the Republic signature
Publication au Journal officiel
Council of Ministers
Validation interne