The French government has provided tax relief and other relief measures for businesses and their employees in response to the coronavirus (COVID-19) pandemic.
Tax relief provisions recently passed by the National Assembly (but not yet approved by the Senate) would allow for the tax deductibility of debt waivers granted by lessors and would provide a reduced rate of value added tax (VAT) of 5.5% (reduced from 20%) for face masks and hand sanitizer (hydro-alcohol) solutions.
KPMG Avocats has updated its report that summarizes the COVID-19-related relief measures as of 20 April 2020. The new information (shown in the report in RED) provides, among other relief items, that:
Read an April 2020 report [PDF 447 KB] prepared by the KPMG member firm in France
For more information, contact a tax professional with KPMG Avocats in France:
Marie-Pierre Hôo | + 33 (0) 1 55 68 49 09 | firstname.lastname@example.org
Patrick Seroin Joly | + 33 (0) 1 55 68 48 02 | email@example.com
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