France’s 2015 Finance Act and the Rectificative Finance Act for 2014 have entered into force, reports CMS Bureau Francis Lefebvre in a January 9 tax alert.
Among the law changes are new rules permitting sister companies to consolidate for tax purposes, a reduction in the real estate capital gains tax rate for nonresidents, new limits on the participation exception for dividends, increased penalties for failure to provide transfer pricing documentation, and a new procedure to eliminate withholding tax on deemed dividends from transfer pricing adjustments, the firm writes.
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