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France Issues Interest Rate Limits for Shareholder Loan Interest Payment Deductions for Tax Years Ending Q2 2015

09 April 2015

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Approved Changes

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France

On 27 March 2015, France published the interest rates used in determining the deductibility of interest payments to shareholders for companies whose tax year ends between 31 March 2015 and 29 June 2015. The portion of interest payments exceeding the following rates are generally not deductible unless documentation is provided demonstrating that the interest rate applied is at arm's length. The period in which the tax year ends and the applicable rate are as follows Between 31 March 2015 and 29 April 2015 - 2.62% Between 30 April 2015 and 30 May 2015 - 2.57% Between 31 May 2015 and...