France Lower House Passes Amending Finance Bill 2022

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) ...