The French tax authority has published an update on the amount of income a non-profit organization can derive from ancillary commercial activities and remain exempt from corporate income tax and VAT, as well as the territorial economic contribution (Contribution Economique Territoriale - CET). The income amount (threshold) has been increased to EUR 78,596: For corporate income tax for financial years ending on or after 31 December 2023; for CET for the year 2024; and for VAT from 1 January 2024, although the threshold of EUR 78,596 will also be used to assess eligibility for the exemption based on turnover in...