Executive summary
On 2 June 2020, a first draft of the Amending Finance Bill for 2021 (the draft Bill) was presented before the French Council of Ministers. The draft Bill will be discussed by the French Parliament over the coming weeks and may be subject to amendments.
This Alert summarizes the main corporate tax provision relating to companies in the draft Bill. The draft Bill proposes to temporally ease conditions related to the carryback mechanism applicable to tax losses.
Detailed discussion
Un…