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The Annual flat-rate tax (French: Imposition forfaitaire annuelle or IFA) was an annual flat-tax payable by French corporations liable for corporate tax. The tax was created by the Law 73-1150 of 27 December 1973,[1] and repealed completely on January 1, 2014.
All legal entities that were liable for the corporate tax were also liable for the flat-rate tax except some newly-established corporations[2] (whose capital was composed of at least 50% of cash contributions) and certain not-for-profit organizations.
History
editBefore 2006 the amount of IFA tax payable could be deducted against the corporate tax payable (or carried forward for 2 years).[3]
The 2006 budget removed that possibility and instead the IFA became a deductible expense in the computation of the corporate tax.
The 2009 budget presented a plan to progressively repeal the IFA in three phases[4]
- On January 1, 2009 for corporations with revenues under 1.5 million euros.
- On January 1, 2010 for corporations with revenues under 15 million euros.
- On January 1, 2011 for all corporations.
See also
editReferences
edit- ^ Article 22 of the Law 73-1150 of 27 December 1973.
- ^ "Wann gilt das Teileinkünfteverfahren? • GoldmanTax". goldmantax (in German). Retrieved 2024-09-05.
- ^ Article 220-A of the french Code général des impôts (General Tax Code). Abrogated on 1 January 2006.
- ^ "Draft Budget Plan for 2009, evaluation of ways and means (Volume I)" (PDF) (pdf) (in French). 2008-10-06. p. 14. Archived from the original (PDF) on 2019-04-03. Retrieved 2019-04-03.
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