Income tax exemption for bonuses paid to Beijing Olympic and Paralympic medallists and for Nobel Prize awards

Article 5 of the 2009 Finance Act exempts from income tax the bonuses paid by the State, after consultation or decision of the National Commission for High-Level Sport, to athletes who won medals at the 2008 Beijing Olympic and Paralympic Games. Article 4 permanently exempts amounts received by Nobel Prize laureates, as well as those awarded for international prizes of equivalent standing in literature, the arts or science, listed by Council of State decree (Decree No. 2009-570 of 20 May 2009).