Key implementation point
Extensive French tax credit system (R&D crédit, CICE, etc.) required careful mapping to GloBE covered taxes.
Implementation detail
- 01 France transposed the EU Directive via the 2024 Finance Act, including IIR, UTPR and QDMTT.
- 02 French QDMTT (IMTSM — Impôt Minimum sur les Sociétés Multinationales) applies domestically.
- 03 Key issue: French carried forward losses and deferred tax assets required transitional adjustments.
- 04 France-specific: crédit d'impôt (tax credits) treatment under GloBE covered taxes rules.
- 05 Tax authority (DGFiP) issued guidance on application of transitional CbCR safe harbour tests.
Enacted legislation
Loi de finances pour 2024 (Art. 33)
Official sources & further reading
Track France rules against your live MNE
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