EXCEPTIONAL CONTRIBUTION
An exceptional contribution equal to 10% of the corporate income tax computed on the profits and long term capital gains has been established for tax years closed as of January 1st, 1995 by Article 1 of the Law no. 95884 dated August 4, 1995.
The terms of payment of this contribution to be paid for the first time at the earliest on September 15, 1995 have been specified by the Tax Administration in a specific decision dated August 7, 1995 no. CP 7.8.95 (95 08 4-A-21). In this respect, it may be pointed out that, concerning tax consolidated groups, the contribution of the group is paid by the parent company.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be brought about your specific circumstances. For additional information contact Claire Acard on 33/(1)/42.91.07.00 or Lionel Benant on 33/78.63.72.35 or enter text search: "ARCHIBALD ANDERSEN Profile". The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar and the Lyon Bar.
