2025 Key Fiscal Measures
Main Income Tax Measures * Increase in the ceiling of the income tax scale: The ceiling of the first income tax bracket will be raised by 5.4% to €10,910. This means that the lowest-income households will pay less income tax. * Reduction of the number of tax brackets: The number of income tax brackets will be reduced from 5 to 4. This will simplify the tax system and reduce the tax burden for middle-income households. * Adjustment of the child tax credit: The child tax credit will be increased by €100 per child and extended to children up to the age of 18. This will provide financial support to families with children. * Creation of a tax credit for low-income workers: A new tax credit will be created for low-income workers earning less than €1,500 per month. This tax credit will help reduce the tax burden for low-income households and encourage them to join the workforce.
Main Business Tax Measures * Reduction of the corporate income tax rate: The corporate income tax rate will be reduced from 25% to 23%. This will make France more attractive to businesses and encourage investment. * Introduction of a patent box regime: A patent box regime will be introduced to encourage businesses to develop and patent new technologies. This regime will allow businesses to benefit from a reduced tax rate on income from patented inventions. * Simplification of the VAT system: The VAT system will be simplified to reduce the administrative burden for businesses. This will include a reduction in the number of VAT rates and the introduction of a new simplified VAT regime for small businesses.
Other Measures * Increase in the minimum wage: The minimum wage will be increased by 1.2% on January 1, 2024. This will provide financial support to low-wage workers. * Extension of the fuel rebate: The fuel rebate will be extended to all households until the end of 2024. This will help households cope with rising fuel prices. * Investment in renewable energy: The government will invest €10 billion in renewable energy projects between 2024 and 2027. This will help France achieve its climate goals and reduce its dependence on fossil fuels.
These fiscal measures are intended to support economic growth, reduce the tax burden for households and businesses, and promote social justice. The government estimates that these measures will reduce the tax burden by €10 billion in 2025.
Quelles sont les principales mesures fiscales pour 2025 ?
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economie.gouv.fr a new article on 2024-12-30 14:32 titled “Quelles sont les principales mesures fiscales pour 2025 ?”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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