Île-de-France office tax: new zone with higher rates
The 2020 Finance Act creates a new first zone for the annual tax on offices, shops, storage premises and car parks in Île-de-France, covering the 1st, 2nd, 7th, 8th, 9th, 10th, 15th, 16th and 17th arrondissements of Paris and the municipalities of Boulogne-Billancourt, Courbevoie, Issy-les-Moulineaux, Levallois-Perret, Neuilly-sur-Seine and Puteaux. The standard office rate there is €23.18/m², against €19.31/m² in the rest of Paris and Hauts-de-Seine. Administrative archive premises and research, health, social, educational or cultural premises are exempt.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Affects owners of offices and commercial premises in the new zone, whose rate per square metre rises by about 20% from 2020. The ceiling of revenue allocated to the Société du Grand Paris was raised by €44m to reflect the expected yield.
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
Joint committee
Désaccord éventuel
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)