Corsica investment tax credit raised to 30% for very small businesses
The rate of the Corsica investment tax credit (CIIC) rises from 20% to 30% for companies with fewer than eleven employees whose turnover or balance sheet total does not exceed €2m and whose capital is at least 75% held by individuals.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Concerns very small businesses investing and operating in Corsica, for financial years ending on or after 31 December 2017. The National Assembly report estimated the cost at €10m per year from 2018.
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