Allowances for maintenance paid between spouses and ex-spouses are now deductible from the debtor’s income, whether or not the payments are determined by the court (Finance Act for 2021). Compensatory allowances paid as a lump sum, as an award of assets in ownership or as a temporary or lifelong right of use, dwelling or usufruct […]

French or foreign legal entities that directly or indirectly hold, on 1 January of the year of taxation, property or rights in rem in real-estate assets in France are required to pay the annual 3% tax on property, subject to exemption. Which entities are concerned? The annual 3% tax, established by Article 990 D of […]

Businesses with at least 20 employees are required to employ 6% of disabled workers. However, they can fulfil this obligation in other ways.   Which businesses? The obligation applies to all employers who have at least 20 employees. New businesses with at least 20 employees must meet the obligation within five years. For companies with […]

The Finance Act for 2021 introduces a temporary measure offsetting the consequences of free revaluation of assets on taxable income (new Article 238 bis JB of the French Tax Code). The aim is to help businesses impacted by the health and economic crisis to restore their financial health. The measure is optional and applies to […]

Since the beginning of the health crisis, a fonds de solidarité (solidarity fund) has been available for small and very small businesses and the self-employed to avoid them shutting down. The fund changed on 1 December to support sectors the most exposed to the crisis and now includes medium-sized companies. Who for? Businesses prohibited from […]

Since the beginning of the health crisis, a fonds de solidarité (solidarity fund) has been available for small and very small businesses and the self-employed to avoid them shutting down. With the new lockdown measure, the financial aid has been improved and should be further increased if certain businesses are required to remain closed for […]

Payments made by natural persons to subscribe to the capital of certain unlisted companies grant a right to a tax reduction that is permanently obtained subject to holding the securities for five years. Certain conditions are required: When the subscription is made directly by the taxpayer: contribution in cash upon the incorporation or on the […]

A decree of 5 August 2020 created a temporary subsidiary for the employment of young people under 26 years of age. Subject to certain conditions, companies are entitled to this subsidy up to a maximum of €4,000 if they hire a young employee under 26 years of age on a permanent contract or a fixed-term […]

Under the terms of the third amending finance law of 2020 all companies may obtain early repayment of the receivables arising from the carrying back of deficit amounts ( ‘ carry-back ’ ) in order to improve their cash flow situation. The current scheme for carrying back deficit amounts It will be recalled that the […]

The extension of the obligation to wear a mask in closed public areas since July 20th, 2020 doesn’t impact most companies, although they still have to comply with the rules enacted in the national deconfinement protocol, to protect both their employees and their legal liability. Mandatory masks in closed public areas : no repercussion for […]

In the context of the health and economic crisis linked to Covid-19, the Government has implemented an exceptional system of guarantees intended to support bank financing for companies, to the tune of 300 billion euros. What is the State-guaranteed loan The State-guaranteed loan is a cash advance, repayable after 12 months. At the end of […]

Characteristics Drafting a uniform occupational risks assessment document (DUER) is a legal requirement under Article R 4121-1 of the French Labour Code. This obligation applies to all employers even though, in practice, its preparation may be delegated to a third party. The uniform occupational risks assessment document: • presents the results of the assessment of […]