Income tax, tax credit changes, TVA, local taxes, tax audits… : Philippe Hupé and Laure Virazels, respectively partner and tax advisor of Walter France, decipher and comment on the measures of the finance law. No really flagship measures for this 2024 finance law concerning companies, But many adjustments or extensions of existing measures.
Creation of young growth companies
So far, Young innovative companies were exempt from profits to 100 % of their first beneficiary financial year and 50 % per second. As of January 1, 2024, This exemption is deleted. In return, from this same date, A new category of JEI is created : the springs (Young growth companies), who will benefit from the same type of advantages while having less constraints. Indeed, JEI status applied to companies whose research and development expenses represented at least 15 % of charges. For these news JEC, This percentage is lowered between 5 and 15 % of charges. They will also have to satisfy economic performance indicators, which must be specified by decree. For JEI News and the JEC created from 2024, Only exemptions from local taxes and social security contributions will be applicable.
Associates of liberal exercise companies will go to BNC
The remuneration received so far by the partners of liberal exercise companies were considered to be treatments and wages. From now on, The rule is that these remuneration fall under the BNC diet (non -commercial profits ; profit being considered to be taxable income). Only partners who exercise managers will be able to maintain part of their remuneration for treatment and wages, For the part of the latter corresponding to their function as a corporate agent. For Philippe Hué, "This important change which impacts liberal professionals is not linked to the finance law, But it is important to report, Because it had to apply from 2023. However, by tolerance, The compliance can take place in 2024. Clear : This will concern 2024 income declarations to be filed in 2025. However, to date, Administrations are not completely ready ... It may be urgent to wait ... "
Reduced rate of IS (19 %) for the sale of certain premises for their transformation
This device, which was to stop in 2023, is extended until December 31, 2026. In addition, The system is extended to the creation of premises for mixed use (Assignment of at least 75 % to housing). The period of four years after the purchase to be respected to processes the premises into a home or for the construction of a home goes to six years for development operations creating a grip on the ground greater than or equal to 20,000 m². The arrangements of the system are applicable to the transfers carried out from January 1, 2024.
Exemption from the compensatory indemnity for general insurance agents
Let us recall beforehand that the transfers of "small" business benefit from a total exemption of capital gain for a sale price not exceeding 500,000 euros and partial up to 1,000,000 euros. The activity must have been carried out for at least five years. The finance law extends this system of exemption from capital gains in the event of transmission of an sole proprietorship to compensatory allowances paid by insurance companies to their general agents exercising individually during the cessation of their mandate. The application of the exemption is also subject to the seniority of the contract, which must have been concluded for at least five years, and the sale of the sole business. This measure is applicable to compensation collected under the year 2023 and the following years. It is interesting to emphasize that for companies at IR, This exemption also targets social security contributions.
Creation of France Rurality Revitalization Zones
France Rurality areas Revitalization (ZFRR) and France rurality revitalization "more" (Zfrr "Plus") will replace, From July 1, 2024, Rural revitalization zones (ZRR) and the revitalization zones of businesses in rural areas (ZoRCoMiR) who are, waiting, extended until June 30, 2024. The objective is to standardize the devices for more clarity.
