On 21 December 2016, the French Amending Finance Law for 2016 was definitively adopted by the National Assembly. The Law will now be subject to constitutional review and will enter into force after being published in the Official Gazette. Key measures of the law include amendments in relation to tax exemptions and withholding tax requirements that have been ruled unconstitutional.
Profit Distribution Tax Exemption
Under current rules, French tax-consolidated groups are eligible for an exem…