Exceptional 5% contribution on corporate income tax for companies with turnover above €250 million
The fourth amending finance law for 2011 creates an exceptional contribution equal to 5% of corporate income tax due, calculated before tax reductions and credits, payable by companies with turnover above €250 million. It applies to financial years ending between 31 December 2011 and 30 December 2013; tax credits cannot be offset against it.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Affects about 1,250 corporate taxpayers (18,000 companies counting group members) according to the impact assessment. Paid with the corporate tax balance from 2012; the rate was later raised to 10.7% by a subsequent law.
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
National Assembly has the final say
Si échec CMP
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Council of Ministers
Validation interne