Key Fiscal Measures for 2025
On February 7, 2025, the French Ministry of Economy and Finance published an article outlining the main fiscal measures that will come into effect in 2025. These measures aim to support economic growth, promote employment, and ensure a fairer distribution of wealth.
Income Tax
- The income tax brackets will be adjusted for inflation, resulting in a slight reduction in the tax burden for most taxpayers.
- The earned income tax credit will be increased for low- and middle-income earners.
- The child tax credit will be expanded to provide additional support for families with children.
Business Taxes
- The corporate income tax rate will be reduced from 25% to 24%.
- Small businesses will benefit from a simplified tax system and reduced administrative burdens.
- Research and development expenses will be eligible for enhanced tax credits.
Value-Added Tax (VAT)
- The standard VAT rate will remain unchanged at 20%.
- The reduced VAT rate of 10% will be applied to a wider range of goods and services.
- The VAT exemption for certain essential goods and services will be maintained.
Other Measures
- The wealth tax will be abolished, reducing the tax burden on high-net-worth individuals.
- The inheritance tax will be reformed to make it more progressive and equitable.
- The carbon tax will be increased to encourage businesses and individuals to reduce their carbon emissions.
Impact of the Measures
The fiscal measures for 2025 are expected to have a positive impact on the French economy. They will stimulate economic growth by reducing the tax burden on businesses and individuals, and they will promote employment by making it more attractive for businesses to create jobs. Additionally, the measures will contribute to a fairer distribution of wealth by reducing the tax burden on low- and middle-income earners and by abolishing the wealth tax.
Additional Information
More detailed information on the fiscal measures for 2025 can be found on the website of the French Ministry of Economy and Finance: www.economie.gouv.fr/
Quelles sont les principales mesures fiscales pour 2025 ?
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economie.gouv.fr a new article on 2025-02-07 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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