France Tax Agency Updates Administrative Doctrine to Postpone Abolishing Contribution on Added Value of Companies

The French General Directorate of Public Finance Nov. 19 posted online an updated administrative doctrine to postpone the abolition of the contribution on the added value of companies (CVAE) by 2030. Topics covered include: 1) the CVAE tax rates of 0.19 percent for 2025, 0.28 percent for 2026 and 2027, 0.19 percent for 2028, and 0.09 percent for 2029; 2) the proportional adjustment of the amount of CVAE relief for businesses with a turnover of less than 2 million euros (US$2.3 million); and 3) a gradual decrease, from 1.438 percent for 2025 to 1.25 percent from 2030 onwards, in the ...