French Polynesia Gazettes Law Amending Various Tax Measures

The French Polynesian Official Gazette April 12 published Law No. 2024-08, amending various tax measures. The law includes measures: 1) modifying tax advantages regarding hybrid and electric vehicles, including exemption from registration tax for specified new electric vehicles and partial tax exemption on their importation; 2) abolishing the exemption from the additional contribution to the income tax on companies carrying out tourist accommodation activities; 3) establishing a 35 percent corporate tax rate for financial and credit institutions, as well as leasing companies; 4) renewing the exemption from territorial solidarity contribution on treatments and salaries (CST-S) exceptional purchasing power bonuses; 5) ...