#2017-18372018 French Finance Law
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The 2018 Finance Law outlines the projected and actual budget balance of France’s public administrations for specific years. It includes detailed estimations of tax revenues from income tax, corporate tax, VAT, and other sources. The law impacts taxpayers and public administration by setting financial expectations and planning tax contributions.
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Key Changes
- Revision of the public administration budget balances for 2016-2018
- Detailed tax revenue projections for 2018
- Includes multiple tax categories such as income tax and corporate tax
Obligations
What this law requires
Public administrations must achieve a structural balance (solde structurel) of -2.1% of GDP in 2018, as projected in the budget plan
Public administrations must achieve an effective balance (solde effectif) of -2.8% of GDP in 2018, accounting for structural, cyclical, and exceptional measures
Tax authorities must collect income tax (impôt sur le revenu) totaling €78,295,619,000 in 2018
Tax authorities must collect corporate tax (impôt sur les sociétés) totaling €58,326,000,000 in 2018
Tax authorities must collect VAT (taxe sur la valeur ajoutée) totaling €208,181,616,000 in 2018