{"id":2358,"date":"2021-02-04T17:53:00","date_gmt":"2021-02-04T16:53:00","guid":{"rendered":"https:\/\/www.caderas-martin.com\/?p=2358"},"modified":"2021-02-04T17:53:08","modified_gmt":"2021-02-04T16:53:08","slug":"finance-act-of-2021-a-focus-on-four-key-points","status":"publish","type":"post","link":"https:\/\/www.caderas-martin.com\/en\/finance-act-of-2021-a-focus-on-four-key-points\/","title":{"rendered":"Finance Act of 2021 – A focus on four key points"},"content":{"rendered":"\n

Pierre-Olivier Cointe, Partner at Caderas Martin, discusses the four main items to be considered for the 2021 fiscal year.<\/p>\n\n\n\n

  1. Reduction in the corporate tax rate<\/strong><\/li><\/ol>\n\n\n\n

    The corporate tax rate is reduced by 1.5 % down to 26.5 % for companies posting revenue of less than \u20ac250 million.
    For companies with revenue in excess of \u20ac250 million, the tax rate drops from 31 % to 27.5 %.<\/p>\n\n\n\n

    1. A 50 % tax credit for rent waivers and cancellations<\/strong><\/li><\/ol>\n\n\n\n

      These business support initiatives are part of the relief measures introduced within the context of the health crisis. However, they do come with certain conditions tied to the number of employees of the lessee company.<\/p>\n\n\n\n

      1. Reduction of the Company value-added contribution (CVAE) and Corporate property tax (CFE)<\/strong><\/li><\/ol>\n\n\n\n

        CFE: the tax bases are cut in half for industrial companies;<\/p>\n\n\n\n

        CVAE: The rate of this production tax, whose proceeds are allocated to local authorities, is halved;<\/p>\n\n\n\n

        1. Unrestricted revaluation of fixed assets<\/strong><\/li><\/ol>\n\n\n\n

          These measures are also in connection with the health crisis. They are designed to enable companies to improve their equity capital:<\/p>\n\n\n\n