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France Lower House Passes Amending Finance Bill 2022

Aug. 1, 2022, 5:00 AM

The French Lower House of Parliament (Assemblee Nationale) July 26 passed Amending Finance Bill No. 5, for 2022. The bill includes measures to: 1) increase the income tax and social security contributions exemption limit to 5.92 euros (US$5.98) per voucher; 2) provide an annual income tax exemption of up to 700 euros (US$711) for costs incurred for fuel and the supply of electric vehicles; 3) provide a reduced excise tax rate to the electricity supplied to aircraft parked at aerodromes; 4) impose fines for failure to issue electronic invoices; 5) increase the tax-exempt overtime limit to 7,500 euros (US$7,614); 6) ...