Family tax credit: 50% rate for the costs of setting up and running company crèches

Article 96 of the amending finance act for 2008 rewrites paragraph I of Article 244 quater F of the General Tax Code (family tax credit). Companies taxed on actual profits receive a tax credit of 50% of the costs of setting up and running childcare facilities for their employees' children under three, 25% of financial aid paid for personal services (Articles L. 7233-4 and L. 7233-5 of the Labour Code) and 10% of certain training and pay costs linked to family leave and exceptional childcare costs. The measure applies to expenses incurred from 1 January 2009; the 10% rate applies to expenses incurred until 31 December 2009.