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12 December 2017

French Parliament approves first Amending Finance Bill for 2017

The French Parliament has approved the first Amending Finance Bill for 2017. The first Amending Finance Bill for 2017 also was validated by the French constitutional court and published in the French Official Journal on December 2. The first Amending Finance Bill for 2017 aims at introducing additional contributions to the French corporate income tax (CIT) in order to finance part of the future refunds related to claims on the 3% distribution tax. On December 8, administrative guidelines were released, providing clarifications on the application of these two additional contributions.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2017-2107

Document ID: 2017-2107

 

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