France Tax Agency Updates Administrative Doctrine on Extension of Tax Relief for Young, Innovative Companies

The French General Directorate of Public Finance April 15 issued an updated administrative doctrine on the extension of tax relief measures for young and innovative companies (JEIs), effective Feb. 21. The updated doctrine includes: 1) the extension of the end date, to Dec. 31, 2028, for tax exemptions on covered profits, property taxes on built properties, and business property contributions; 2) an increase, to 20 percent of deductible charges from 15 percent, the minimum R&D expenditure threshold for standard JEIs and young companies of growth (JECs), applicable to income tax from 2025 onwards and to corporate tax for financial years ...