France Gazettes 2023 Finance Act

The French Official Gazette Dec. 31, 2022, published Law No. 2022-1726, the 2023 Finance Act. The law includes measures: 1) indexing individual income tax brackets to the forecasted change in the consumer price index; 2) reevaluating income thresholds in default withholding tax rate grids based on changes in income tax brackets; 3) reducing the threshold to 5 percent from 10 percent for taxpayers to modulate the withholding tax mechanism; 4) providing a tax credit for forestry investments on land acquisitions for taxpayers domiciled in France, until Dec. 31, 2025; 5) halving the business value added contribution (CVAE) in 2023, and ...