25% rate for the SME investment income tax reduction and 30% for certain local investment funds
Article 12 of the 2025 Finance Act raises from 18% to 25% the income tax reduction for subscriptions to innovation mutual funds (FCPI, section VI of Article 199 terdecies-0 A of the General Tax Code), subject to European Commission approval, and sets a 30% rate for local investment funds invested in Corsica. Decree 2025-973 of 1 October 2025 applies the 25% rate to payments made from 28 September to 31 December 2025.
Measure originators
No official estimate found for this measure.
Measure impact
25% tax reduction on amounts paid into FCPI units from 28 September to 31 December 2025, after the European Commission decision of 28 July 2025, then back to 18%. Concerns taxpayers investing in SMEs through these funds.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Publication in Official Journal
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
Debate and vote
National Assembly has the final say
Si échec CMP
Joint committee
Désaccord éventuel
Debate and vote
Council of Ministers
Validation interne