Micro-BA farm regime threshold raised to €120,000 and precautionary savings deduction ceilings increased
Article 94 of the 2024 Finance Act raises the revenue ceiling of the micro-BA simplified farm income regime from €91,900 to €120,000 and increases the ceilings of the precautionary savings deduction (first band from €28,612 to €32,608, maximum from €105,970 to €120,771). These measures accompany the planned rise in agricultural diesel taxation.
Measure originators
No official estimate found for this measure.
Measure impact
More farmers can use the simplified micro-BA regime, and farmers taxed on actual profits can deduct more for precautionary savings, from income tax due for 2024.
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
National Assembly has the final say
Si échec CMP
Debate and vote
Council of Ministers
Validation interne