Exceptional 4% contribution on the value of petroleum product stocks
Article 10 of the second amending finance act for 2012 creates an exceptional contribution payable by those who, on 4 July 2012, owned petroleum products held under a duty-suspension arrangement in mainland France, the State excepted. It is based on the average value of volumes held on the last day of each of the last three months of 2011, at a rate of 4%. It is due on 1 October 2012, declared and paid by 15 December 2012, and is not deductible from taxable profit.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Companies holding stocks of petroleum products under customs control pay a one-off contribution. According to the Senate finance committee report, the 4% rate was set to raise €550 million.
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
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
Joint committee
DĂ©saccord Ă©ventuel
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