The French Finance (Budget) Law for 2017 was approved on 20 December 2016 and published in the Official Gazette on 30 December. In addition to the corporate tax measures {News-2016-12-21/A/2- previously covered}, the law also makes certain changes with regard to employees, including the introduction of a PAYE system for income tax and an increase in the CICE credit.
PAYE System
A new pay-as-you-earn (PAYE) type system is introduced from 1 January 2018. Under the system, employers and pensi…