Upgrading of the cap allowing SMEs to benefit from the 15% business tax
Publié le 05 janvier 2023 - Directorate for Legal and Administrative Information (Prime Minister)
Cet article est ancien
L'information n'est peut-être plus exacte
The 2023 budget increases the cap for small and medium-sized companies (SMEs) to benefit from a reduced business tax (SI) of 15 percent. This now amounts to €42,500 of taxable profits.
Business tax (IS) is levied on profits made in an annual year by SMEs operating in France. The standard SI rate is set at 25%. However, there is a reduced rate of 15% if the company does not exceed an annual profit cap.
For the first time since 2002, the 2023 budget increases this ceiling below which companies can benefit from a reduced SI. The increase in the ceiling is due to higher prices.
At 1er january 2023, ec reduced rate to 15 % now applies to SMEs with a profit below €42,500 (instead of € 38 120).
Beyond this ceiling, the profit is taxed at the standard SI rate of 25 % (for financial years from 1er January 2022).
Reminder
Companies wishing to benefit from this reduced rate of 15% must meet two conditions:
have a turnover of less than €10 million (excluding tax);
have a fully paid-up capital held by natural persons (or by a business applying this criterion) of at least 75 %.
