1.2% tax on music streaming for the National Music Centre
The 2024 Finance Act creates a tax on on-demand online provision of sound recordings and music videos (Article 1609 sexdecies C of the General Tax Code). It is levied on subscriptions and other prices paid by the public and on 34% of advertising revenue, for the portion above €20m per service per year, at a rate of 1.2%. It is payable by platforms, whether or not established in France, for services supplied to people in France. Proceeds go to the National Music Centre up to an annual cap.
Measure originators
No official estimate found for this measure.
Measure impact
Music streaming platforms with French turnover above €20m have paid the tax since 2024. No official revenue estimate was published at adoption; according to the Senate report, the cap on proceeds allocated to the National Music Centre was set at €18m.
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