As previously reported, the French Finance Law for 2025 was definitively adopted in parliament on 6 February 2025. Among other things, the Finance Law provides for an increase in the rate of financial transactions tax from 0.3% to 0.4%. The tax is levied on the acquisition of securities issued by French companies whose market capitalization exceeded one billion euros as on 1 December of the previous year (list for 2025). The increase in the rate will apply to acquisitions made from the first day of the second month following the publication of the law in the Official Gazette.