Tax on the operation of long-distance transport infrastructure (motorways, airports)

The 2024 Finance Act creates an annual tax on the operation of long-distance transport infrastructure (Articles L. 425-1 to L. 425-20 of the Code of taxes on goods and services). It applies to operators whose operating revenue exceeds €120m a year and whose average profitability (net profit over turnover, smoothed over seven financial years) exceeds 10%. It equals 4.6% of revenue above €120m. Proceeds go to the French transport infrastructure financing agency, with one twelfth to municipalities and one twelfth to departments. In practice it targets motorway concession companies and some major airports.