The French finance law contains a large number of texts that are interesting for both companies and individuals. We describe below the main items that will be of interest to an individual or foreign company that has started a business in France, or is considering doing so.
Please note that this is a simple, quick description of each provision and that it is necessary to contact a French accountant in order to study them in detail.
Texts concerning individuals
Income Tax Reduction in relation to the 2016 tax
The rate of reduction is 20% for people whose annual tax revenue does not exceed €18 500 for a taxpayer living alone and €37 000 for a couple.
Reduction of taxes and tax credits:
Extension to 31 December 2017 of the income tax reduction for rental investments named “Réduction d’impôt Pinel”,
Extension to 31 December 2017 of tax credit for people who do work at home to save energy (Mainly insulation work and the replacement of heating appliances),
Extension to 31 December 2017 of tax reduction for people who invest in furnished housing situated in residences for students, the elderly, or the disabled,
New tax reduction for renovation of tourist residences. This concerns thermal insulation, heating equipment as well as work to facilitate access for people with disabilities.
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