France Tax Agency Updates Thresholds for 2024 Temporary Allowable Company Property Tax Exemptions

The French General Directorate of Public Finance Nov. 8 updated an administrative doctrine on the 2024 temporary allowable property tax exemption thresholds for companies operating in specific urban areas. The exemption thresholds include: 1) 32,468 euros (US$34,642) for companies creating or extending establishments in priority districts of the city policy (QPV); and 2) 87,584 euros (US$93,448) for companies creating or extending establishments in urban free zones-entrepreneurial territories (ZFU-TE), and for specific commercial activities in QPVs. [France, General Directorate of Public Finance, 11/08/23]

Reference: View Announcement. View Guidance No. BOI-IF-CFE-10-30-50. View Index.