France Tax Agency Updates Administrative Doctrine on R&D Tax Credit for Innovative Start-Ups

The French General Directorate of Public Finance July 16 updated an administrative doctrine on the R&D tax credit (CIR) for innovative start-up companies (JEIs). The updated doctrine provides that: 1) the increase to 20 percent from 15 percent in the R&D expenses threshold applies to 2025 individual income tax and 2025 corporate income tax for fiscal years ending on or after March 1, from March 1; 2) the new threshold applies to the business property tax (CFE) and property tax on built properties (TFPB), from Jan. 1, 2026; and 3) specified amendments to the methods for determining the CIR basis, ...