Exemption from the minimum business property contribution (CFE) for businesses with turnover of €5,000 or less
The 2018 Finance Act exempts from the minimum business property contribution (CFE) taxpayers whose turnover or receipts do not exceed €5,000 (Article 1647 D of the General Tax Code). These businesses are also exempt from the chamber of commerce and chamber of trades levies. The exemption falls under the EU de minimis aid rules. Municipalities and inter-municipal bodies are compensated by a levy on State revenue. It applies from 2019 assessments.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Affects micro-entrepreneurs and small businesses with annual turnover of €5,000 or less: they no longer pay the minimum CFE, nor the chamber levies, from the CFE due for 2019.
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
Council of Ministers
Validation interne