Profit tax exemption for businesses set up in rural revitalisation zones between 2004 and 2009

Article 8 of the Act of 23 February 2005 on the development of rural areas rewrites the Article 44 sexies General Tax Code scheme for businesses created between 1 January 2004 and 31 December 2009 in rural revitalisation zones (ZRR), provided that their registered office, activity and operating assets are located there. Their profits are exempt from income tax or corporate tax until the end of the 59th month after creation, then taxed on 40%, 60% and 80% of their amount during the first five, the 6th and 7th, and the 8th and 9th following twelve-month periods. Article 7 (IV) also opens the scheme in ZRR to businesses carrying on a non-commercial activity (Article 92 of the General Tax Code) and to taxpayers covered by Article 35 I 5° of that Code, for businesses created from 1 January 2004.