2 December 2014
The French Government proposes to increase the IPT rate from 9% to 11.6% on legal expenses insurance (Class 17) in the 2015 Budget Law. The Assemblée Nationale (Lower House of the French Parliament) has already voted for the change and now the text has been submitted to the Sénat (French Senate). As part of the “Parliamentary Shuttle” the text may be subject to amendments by both chambers. It is anticipated that the final vote will take place just before Christmas.
FiscalReps shall keep you updated of the outcome.