Tax credit for new productive investments in the overseas departments (article 244 quater W)

The 2014 Finance Act created a tax credit for new productive investments made in the overseas departments by companies with agricultural, industrial, commercial or craft activities (article 244 quater W of the General Tax Code). Its rate is 38.25% for companies subject to income tax (45.9% in French Guiana and Mayotte) and 35% for those subject to corporate tax. The benefit goes directly to the operator, without intermediaries. Companies with turnover above 20 million euros lose access to the Girardin tax reduction in the overseas departments and fall under this tax credit. It applies to investments put into service from 1 July 2014, initially until 31 December 2017.