Tax & Finance

#2018-1317Finance Law No. 2018-1317 for 2019

🇫🇷France··Other·High Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

This French law outlines the financial plans for 2019, including expected public administration balances and various tax and non-tax revenue estimates. It sets out the structural and effective balances from previous years and projects for the upcoming year. Critical points include predictions for revenue from income tax, corporate taxes, and other key fiscal sources. Local authorities, businesses, and individual taxpayers are primarily impacted, as they will see changes in tax levels and allocations.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • Sets financial plans for 2019
  • Outlines public administration balances
  • Projects tax revenue estimates

Obligations

What this law requires

high

Public administrations must achieve a structural balance of -2.3% of GDP and an effective balance of -3.2% of GDP for 2019

French public administrations
operational
high

Tax authorities must collect income tax revenue of €86,907,322,000 in 2019

French tax authorities
operational
high

Report structural balance of -2.3% of GDP, cyclical balance of 0.1% of GDP, and exceptional measures of -0.9% of GDP for 2019 public administration overall balance

French public administration authorities
reporting
high

Collect and report income tax revenues of €86,907,322,000 for 2019

Tax authorities, Individual taxpayers
reporting
high

Collect and report corporate income tax revenues of €66,021,465,000 for 2019

Tax authorities, Businesses
reporting

Affected Parties

Local authoritiesBusinesses+1 more…

Tags

finance,budget,tax