European Union Gazettes EC Decision Approving Extension of France State Aid Income Tax Reduction Regime

The European Union Official Gazette March 25 published the European Commission (EC) decision on State Aid Case No. SA.120665, approving France’s extension of the IR-PME income tax reduction regime for individuals making cash subscriptions to the capital of small and medium-sized enterprises (SMEs). The decision includes measures: 1) extending the IR-PME regime for nine additional months, to Sept. 30, 2026, from Dec. 31, 2025; 2) continuing support for indirect SME investments through shares in innovation mutual funds (FCPIs), direct investments in a socially useful solidarity enterprise (ESUS), and investing in innovative start-ups (JEIs); 3) retaining the increased income tax reduction ...