Urban tax-free zone exemptions extended to businesses in the 2007 boundary extensions

Article 62 of the Act establishing an enforceable right to housing extends the urban tax-free zone (ZFU) exemptions to businesses and establishments existing on 1 January 2007 in the parts of municipalities added to ZFUs in 2007. On the same terms as businesses existing in ZFUs on 1 January 2006, they benefit from the profit tax exemption (Article 44 octies A of the General Tax Code), the property tax exemption on built property (Article 1383 C bis) and the business tax exemption (Article 1466 A, I sexies). Business tax claims for 2007 and 2008 must be filed before 31 December 2007 and property tax returns before 30 November 2007.