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France: Tax-Efficient Sectors

Tax Holidays for New Enterprises

New enterprises created before December 2004 established and working entirely out of certain priority zones were exempt from tax for the first 23 months. This was extended to companies created up to December 2009. At the same time, the tax exemption for 23 months is allowed if 15% of the activity is conducted out of the zone. Beyond the 15% threshold, the tax exemption would be applied to income based on the proportion of turnover realized within the zone.

Tax holidays are available for new enterprises created by December 31, 2013, for the purpose of buying out struggling industrial enterprises and to companies created by December 31, 2014, in the free zones.



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