Extension until end-2022 of zoned tax exemptions (rural revitalisation zones, employment areas to be revitalised, urban free zones)
Article 223 of the 2021 Finance Act postpones from 31 December 2020 to 31 December 2022 the deadline for setting up or creating a business giving entitlement to several zoned exemptions from profit tax and local taxes: rural revitalisation zones (Articles 44 quindecies and 1465 of the General Tax Code), employment areas to be revitalised (Articles 44 duodecies, 1383 H and 1463 A), urban free zones (Article 44 octies A and I quinquies A of Article 1466 A), regional aid zones (Articles 44 sexies and 1465 B), as well as the schemes of Articles 1463 B, 44 sexdecies and 44 septdecies. It also extends several related schemes outside the General Tax Code.
Measure originators
No official estimate found for this measure.
Measure impact
Businesses setting up or created in 2021 and 2022 in these zones can benefit from the profit tax, CFE or property tax exemptions provided for each zone, which were due to end in late 2020.
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
Council of Ministers
Validation interne