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French Corporate and Individual Tax Rate Amendments, Hybrid Mismatch Rules, and Other Changes Included in Draft Finance Law for 2020

|Proposed Changes|France
France

On 27 September 2019, French Finance Minister Bruno Le Maire and Minister of Public Action and Accounts Gérald Darmanin presented the draft Finance Law for 2020. This includes amendments regarding the scheduled reduction in corporate tax rates, which began in 2018 but was partially reversed for large companies for 2019 ({News-2019-07-29/A/3-previous coverage}). The amendments provide that for companies with annual turnover of EUR 250 million or more:

  • The rates for the year 1 January to 31 De…

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