French General Tax Code
In forceI. - Corporate income tax payers with sales in excess of €250 million are subject to an exceptional contribution equal to a fraction of this tax calculated on their taxable income, at the rates mentioned in Article 219, for financial years ending on or after 31 December 2011 and until 30 December 2016.
This contribution is equal to 10.7% of the corporation tax due, determined before offsetting tax reductions and credits and tax receivables of any kind.
For taxpayers who are placed under the regime provided for in Article 223 A or Article 223 A bis, the contribution is payable by the parent company. It is based on the corporation tax relating to the overall result and the overall net capital gain defined in articles 223 B, 223 B bis and 223 D, determined before offsetting tax reductions and credits and tax claims of any kind.
The turnover referred to in the first paragraph of this I refers to the turnover achieved by the taxpayer during the financial year or the tax period, reduced to twelve months where applicable, and for the parent company of a group referred to in Article 223 A or Article 223 A bis, the sum of the turnover of each of the member companies of this group.
II. - Tax credits of any kind and the claim referred to in Article 220 quinquies may not be offset against the contribution.
III. - The contribution is assessed, controlled and collected in the same way as corporation tax and subject to the same guarantees and penalties.
