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French Budget for 2019 Presented

26 September 2018

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Proposed Changes

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France

French President Emmanuel Macron’s presented the draft 2019 budget to parliament on 24 September 2018. Tax-related measures of the Budget, some of which have already been approved, include the following: The reduction of the corporate tax rate in 2019, with a 28% rate on income up to EUR 500,000 and the excess subject to a standard 31% rate (reduction already scheduled); The reform of the tax integration (group taxation) regime to comply with EU law with respect to the tax treatment of certain dividend distributions, debt waivers, and share transfers between companies; The introduction of a 30% of EBITDA interest...